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United Kingdom PPI Output YoY
A monthly survey of the prices of products purchased and sold by manufacturers in the United Kingdom serves as a key indicator of inflation by the Producer Price Index (PPI). When items are sold by UK manufacturers, they are sold at the factory gate price, also known as the output price. Taxes are not included in the cost of goods and services, which includes labor, raw materials, and energy, as well as interest on loans, site or building maintenance, or rent.
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 |
|
|
1.2955 -474 pips |
1.3533 -104 pips |
1.34290 | |
| GBPJPY |
|
|
192.4750 -595 pips |
197.8543 +57 pips |
198.429 | |
| EURGBP |
|
|
0.8574 -114 pips |
0.8627 +61 pips |
0.86875 | |
| GBPCAD |
|
|
1.7919 -481 pips |
1.8488 -88 pips |
1.84003 | |
| GBPCHF |
|
|
1.0774 +58 pips |
1.0928 -212 pips |
1.07156 | |
| GBPNZD |
|
|
2.1954 -521 pips |
2.1873 +602 pips |
2.24750 | |
| GBPAUD |
|
|
1.9999 -519 pips |
2.0715 -197 pips |
2.05175 | |
| GBPNOK |
|
|
13.6018 -193 pips |
13.6778 -567 pips |
13.62109 | |
| GBPSEK |
|
|
12.8783 -217 pips |
13.1665 -2665 pips |
12.89997 | |
| GBPSGD |
|
|
1.7258 +45 pips |
1.7350 -137 pips |
1.72130 |
News (GBP)
UK Economy Contracts For Second Straight Month
The UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in meeting her self-imposed borrowing rules. Gross domestic product fell unexpectedly by 0.1 percent in May, following a 0.3 percent drop in April, data from the Office for National Statistics revealed on Friday.
RTTNews | 3 days ago
UK House Prices Remain Flat In June: Halifax
UK house prices remained flat in June after falling last month as more first-time buyers returned to the market, data from the mortgage lender Halifax showed on Monday. House prices stagnated on a monthly basis, reversing May's 0.3 percent decrease. Prices were forecast to fall 0.1 percent. At the same time, annual growth in house prices softened to 2.5 percent from 2.6 percent in the preceding
RTTNews | 7 days ago
UK Construction Sector Contraction Slowest In 6 Months
UK construction activity declined at the slowest pace since the current period of contraction began in January, survey results from S&P Global showed on Friday. The headline construction Purchasing Managers' Index rose to 48.8 in June from 47.9 in May. The expected score was 48.6. Any reading below 50.0 indicates an overall reduction in construction activity.
RTTNews | 10 days ago
