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United Kingdom Inflation Rate YoY
The most significant categories in the consumer price index in the United Kingdom are Transport accounting for 16% of the total weight, and Recreation and Culture accounting for 15% of the total weight. Housing, water, electricity, gas, and other fuels contribute for 13% of overall expenditure, restaurants, and hotels account for 12%, and food and non-alcoholic beverages account for 10%. Also, the index includes miscellaneous products and services (9%), clothing and footwear (7%), and furniture, household equipment, and maintenance (6%). Alcoholic beverages and tobacco, as well as health, communication, and education account for the remaining 11% of total weight.
A higher than expected figure should be seen as positive (bullish) for the GBP while a lower than expected figure should be seen as negative (bearish) for the GBP.
Forex Sentiment (GBP)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| GBPUSD |
|
|
1.3192 -524 pips |
1.3451 +265 pips |
1.37160 | |
| GBPJPY |
|
|
192.8551 -519 pips |
197.0256 +102 pips |
198.041 | |
| EURGBP |
|
|
0.8492 -55 pips |
0.8554 -7 pips |
0.85468 | |
| GBPCAD |
|
|
1.8480 -285 pips |
1.8630 +135 pips |
1.87655 | |
| GBPCHF |
|
|
1.0968 +19 pips |
1.1168 -219 pips |
1.09493 | |
| GBPNZD |
|
|
2.2187 -437 pips |
2.1266 +1358 pips |
2.26241 | |
| GBPAUD |
|
|
2.0398 -566 pips |
2.1094 -130 pips |
2.09643 | |
| GBPNOK |
|
|
13.7147 -310 pips |
13.8639 -1182 pips |
13.74572 | |
| GBPSEK |
|
|
12.8783 -771 pips |
13.2109 -2555 pips |
12.95540 | |
| GBPSGD |
|
|
1.7406 -90 pips |
1.7580 -84 pips |
1.74965 |
News (GBP)
BoE's Greene Seeks Cautious Approach On Concerns Over High Inflation, Uncertainty
The Bank of England must have a prudent approach to reducing interest rates as the U.K. inflation may remain high for a longer time than expected rather than a short-term spike, and also due to risks on the global front including fluctuations in oil prices in the backdrop of the ongoing Middle East conflict, policymaker Megan Greene said on Tuesday.
RTTNews | 5 days ago
UK Private Sector Grows At Fastest Pace In 3 Months
The UK private sector output picked up at the strongest pace in three months in June after business volume returned to growth, flash survey results from S&P Global showed on Monday. The flash composite output index registered 50.7 in June, up from 50.3 in May. The reading was above the crucial 50.0 no-change value for the second straight month.
RTTNews | 6 days ago
UK Retail Sales Fall Most Since Late 2023; Consumer Confidence Improves
UK retail sales declined more than expected in May as food store sales declined sharply after good weather boosted sales in April, the Office for National Statistics reported Friday. Retail sales fell 2.7 percent on a monthly basis in May, in contrast to the revised 1.3 percent increase in April. Sales were forecast to drop 0.5 percent.
RTTNews | 9 days ago
