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United Kingdom PPI Output MoM
The Producer Price Index (PPI) in the UK is a monthly poll that examines the changes in the prices of goods purchased and sold by manufacturers, and it is a key indicator of inflation in the country. The factory gate price (also known as the output price) is the price at which items are sold by manufacturers in the United Kingdom. It comprises costs such as labor, raw materials, and energy, as well as interest on loans, site or building maintenance, and rent, but excludes taxes.
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 |
|
|
1.3072 -608 pips |
1.3594 +86 pips |
1.36798 | |
| GBPJPY |
|
|
192.3581 -513 pips |
196.3883 +110 pips |
197.492 | |
| EURGBP |
|
|
0.8537 -77 pips |
0.8616 -2 pips |
0.86138 | |
| GBPCAD |
|
|
1.8132 -433 pips |
1.8589 -24 pips |
1.85652 | |
| GBPCHF |
|
|
1.0856 +10 pips |
1.0995 -149 pips |
1.08458 | |
| GBPNZD |
|
|
2.2114 -401 pips |
2.1478 +1037 pips |
2.25152 | |
| GBPAUD |
|
|
2.0277 -528 pips |
2.0936 -131 pips |
2.08048 | |
| GBPNOK |
|
|
13.6623 -742 pips |
13.8214 -849 pips |
13.73649 | |
| GBPSEK |
|
|
12.9452 -1200 pips |
13.1869 -1217 pips |
13.06518 | |
| GBPSGD |
|
|
1.7332 -90 pips |
1.7583 -161 pips |
1.74224 |
News (GBP)
UK Service Sector Growth At 10-Month High
The UK service sector posted its fastest growth in ten months in June underpinned by a renewed improvement in order books, final purchasing managers' survey from S&P Global showed on Thursday. The services business activity index climbed to 52.8 in June from 50.9 in the previous month. This was the highest score since August 2024 and above the initial estimate of 51.3.
RTTNews | 17h 6min ago
UK House Price Inflation Softens In June
UK house prices logged a slower growth in June reflecting weaker demand after the increase in stamp duty at the start of April, data from the Nationwide Building Society showed on Tuesday. House prices advanced 2.1 percent year-on-year in June, slower than the 3.5 percent increase seen in May. House price growth was expected to moderate to 3.3 percent.
RTTNews | 2 days ago
UK Mortgage Approvals Rise For First Time This Year
UK mortgage approvals increased for the first time so far this year in May, suggesting an improvement in housing market activity, figures from the Bank of England showed Monday. The net mortgage approvals for house purchases that indicate future borrowing rose by more-than-expected 2,400 to 63,000 in May. This was the first increase since December 2024.
RTTNews | 3 days ago
