6:01 AM · 16 August 2023

BREAKING: UK inflation in line analysts' expectations; core reading slightly higher!

GBP/USD

Forex

UK CPI (Y/Y) Jul: 6.8% (exp 6.7%; prev 7.9%)

CPI Core (Y/Y) Jul: 6.9% (exp 6.8%; prev 6.9%)
CPI (M/M) Jul: -0.4% (exp -0.5%; prev 0.1%)
CPI Core (M/M) Jul: 0,3% (prev 0,2%)

UK PPI Output NSA (Y/Y) Jul: -0.8% (exp -1.3%; prev 0.1%)

UK PPI Output NSA (M/M) Jul: 0.1% (exp -0.2%; prev -0.3%)
UK PPI Input NSA (Y/Y) Jul: -3.3% (exp -2.8%; prev -2.7%)
UK PPI Input NSA (M/M) Jul: -0.4% (exp 0.0%; prev -1.3%)

Falling gas and electricity prices provided the largest downward contributions to the MoM change in CPI. GBPUSD pair erases early rally after report reading! Source: ONS

Source: xStation 5

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