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United Kingdom Retail Price Index MoM
RPI was initially produced in the United Kingdom as a compensation index, based on an index aimed to defend ordinary employees against rising prices related to World War I. Since 1947, the RPI has provided assessments of inflation, with the first formal release of consumer price inflation being in January 1956, when the RPI was established. RPI and its derivatives were the only measures of consumer price inflation available to users in the United Kingdom until the introduction of the UK CPI, which occurred in 1996. According to the National Statistician, Jil Matheson, in response to a survey on proposals for updating the Retail Prices Index (RPI), it was discovered that one of the formulae used to generate the RPI did not meet international standards and recommended that a new index be produced. Private households are included in the RPI; however, the top 4% of families by income and elderly households that receive at least three-quarters of their income from benefits are excluded from the survey.
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 |
|
|
1.2857 -429 pips |
1.3209 +77 pips |
1.32856 | |
| GBPJPY |
|
|
182.5263 -634 pips |
191.1112 -225 pips |
188.866 | |
| EURGBP |
|
|
0.8494 -82 pips |
0.8593 -17 pips |
0.85759 | |
| GBPCAD |
|
|
1.7931 -463 pips |
1.8377 +17 pips |
1.83939 | |
| GBPCHF |
|
|
1.0847 +1 pips |
1.1212 -366 pips |
1.08464 | |
| GBPNZD |
|
|
2.1887 -489 pips |
2.1767 +609 pips |
2.23758 | |
| GBPAUD |
|
|
2.0109 -723 pips |
2.1055 -223 pips |
2.08323 | |
| GBPNOK |
|
|
13.7912 -1320 pips |
13.9903 -671 pips |
13.92322 | |
| GBPSEK |
|
|
12.7893 +50 pips |
13.0216 -2373 pips |
12.78429 | |
| GBPSGD |
|
|
1.7352 -62 pips |
1.7674 -260 pips |
1.74140 |
News (GBP)
UK Inflation Slows To 2.6%
UK consumer price inflation weakened more than expected to a three-month low in March ahead of an increase in energy bills in April, the Office for National Statistics said on Wednesday. Consumer prices registered an annual growth of 2.6 percent, slower than the 2.8 percent increase in February. Prices were forecast to climb 2.7 percent.
RTTNews | 2 days ago
UK Job Market Remains Strong
The UK labor market remained strong in the three months to February, ahead of rise in payroll taxes and new trade tariffs, data from the Office for National Statistics revealed Tuesday. Annual growth in employees' earnings excluding bonuses was 5.9 percent in the December to February period.
RTTNews | 3 days ago
UK GDP Growth Rebounds In February
The UK economy expanded at a solid pace in February with increases in all main sectors but recent trade tariffs announced by the US administration cast shadow over recovery prospects. Real gross domestic product grew 0.5 percent from the previous month following a nil growth in January, data from the Office for National Statistics revealed Friday. GDP was expected to climb 0.1 percent.
RTTNews | 7 days ago
