At 7:00am BST, we learned CPI and PPI inflation data from the UK, which turned out to be below analysts' expectations!
CPI inflation (y/y). Currently: 8.7% y/y. Expected: 8.2% y/y. Previously: 10.1% y/y.
Core CPI inflation (y/y). Current: 6,8% % y/y. Expected: 6.2% y/y. Previously: 6.2% y/y.
CPI inflation (m/m). Current: 1,2% % y/y. Expected: 0.8% m/m. Previously: 0.8% m/m.
Core CPI inflation (m/m) Currently: 1,3% % m/m. Expected: 0.7% m/m. Previously: 0,9%.
PPI inflation (y/y). Currently: 5,4% y/y. Previously: 8,7% y/y.
PPI core inflation (y/y). Currently: 6% y/y. Previously: 8,5% y/y.
UK PPI Output NSA (M/M) Apr: 0.0% (est 0.2%; prevR 0.0%)
UK PPI Input NSA (M/M) Apr: -0.3% (est 0.2%; prev 0.2%)
The slowdown in price growth is largely due to a base effect, as the almost 50 per cent increase in home energy prices last year falls out of the annual comparison.
The GBPUSD pair reacted strongly upwards to today's inflation reading, which increased the chances of a hawkish turn from the BoE. Source: xStation5
BREAKING: US100 jumps amid stronger than expected US NFP report
Economic calendar: NFP data and US oil inventory report 💡
Morning Wrap: Dollar in a trap, all eyes on NFP 🏛️(February 11, 2026)
BREAKING: US RETAIL SALES BELOW EXPECTATIONS