BREAKING: UK CPI in line with expectations; lower PPI. GBPUSD gains

UK CPI in August came in 2.2% YoY vs 2.2% exp. and 2.2% previously (0.3% MoM vs 0.3% exp. and -0.2% previously)

UK Core CPI came in 3.6% YoY vs 3.6% exp. and 3.3% previously (0.4% MoM vs 0.1% previously)

UK PPI output prices came in lower than expected with 0.2% YoY vs 0.5% exp. and 0.8% previously (-0.3% MoM vs 0% exp. and 0% previously)

UK PPI input prices dropped -1.2% YoY vs -0.8% exp. and 0.4% previously (-0.5% MoM vs -0.3% exp. and -0.1% previously)

Source: xStation

The lower than expected PPI data come one day ahead of the Bank of England meeting. Currently market is pricing 25% chance of rate cut and two cuts in this year. First meeting with implied softening of the monetary policy might come in November. This might partly explain strenght of British currency against US, where more than four cuts are expected by the market.

12 June 2026, 3:08 PM

BREAKING: USDIDX decline despite strong University of Michigan data

12 June 2026, 12:41 PM

French luxury companies and banks gain as the inflation rises

12 June 2026, 12:25 PM

UK GDP Contracted and the Pound is Up? 🇬🇧 💷

12 June 2026, 8:36 AM

Macro Calendar: Wrapping up an intense week (12.06.2026)

Economic reports

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