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 |
|
|
1.2432 -73 pips |
1.2619 -114 pips |
1.25047 | |
| GBPJPY |
|
|
188.4666 -611 pips |
192.8849 +169 pips |
194.579 | |
| EURGBP |
|
|
0.8566 -11 pips |
0.8607 -30 pips |
0.85771 | |
| GBPCAD |
|
|
1.6996 -77 pips |
1.7109 -36 pips |
1.70735 | |
| GBPCHF |
|
|
1.1283 -133 pips |
1.1553 -137 pips |
1.14163 | |
| GBPNZD |
|
|
2.0826 -134 pips |
2.0728 +232 pips |
2.09600 | |
| GBPAUD |
|
|
1.8989 -163 pips |
1.9279 -127 pips |
1.91517 | |
| GBPNOK |
|
|
13.7034 -28 pips |
13.6675 +387 pips |
13.70620 | |
| GBPSEK |
|
|
13.2414 -3636 pips |
13.6279 -229 pips |
13.60500 | |
| GBPSGD |
|
|
1.6901 -100 pips |
1.7229 -228 pips |
1.70013 |
News (GBP)
UK Retail Sales Stable In March
UK retail sales were unchanged on a month-on-month basis in March, defying expectations for a gain, preliminary data from the Office for National Statistics showed Friday. Retail sales including automotive fuel grew 0.1 percent in the previous month. Economists were looking for a 0.3 percent gain for March.
RTTNews | 6 days ago
UK Inflation Slows Less Than Forecast
UK consumer price inflation softened less than expected in March but hit the lowest in two-and-a-half years on food prices, adding uncertainty to the timing of the first interest rate cut from the Bank of England. Inflation weakened to 3.2 percent in March from 3.4 percent in February, the Office for National Statistics reported Wednesday.
RTTNews | 8 days ago
UK Unemployment Rate Rises; Wage Growth Slows
The increase in the UK unemployment rate and the marginal slowdown in wage growth in the three months to February suggest an easing of pressure in the labor market. The ILO jobless rate rose to 4.2 percent from 3.9 percent in three months to January, the Office for National Statistics reported Tuesday. The rate was seen at 4.0 percent.
RTTNews | 9 days ago
