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United Kingdom Retail Price Index YoY
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 |
|
|
1.2983 -524 pips |
1.3563 -56 pips |
1.35066 | |
| GBPJPY |
|
|
192.9365 -621 pips |
197.8964 +125 pips |
199.150 | |
| EURGBP |
|
|
0.8553 -100 pips |
0.8618 +35 pips |
0.86527 | |
| GBPCAD |
|
|
1.7987 -484 pips |
1.8542 -71 pips |
1.84705 | |
| GBPCHF |
|
|
1.0797 +30 pips |
1.0952 -185 pips |
1.07665 | |
| GBPNZD |
|
|
2.1989 -488 pips |
2.1893 +584 pips |
2.24774 | |
| GBPAUD |
|
|
2.0072 -457 pips |
2.0724 -195 pips |
2.05289 | |
| GBPNOK |
|
|
13.6623 -220 pips |
13.7319 -476 pips |
13.68434 | |
| GBPSEK |
|
|
12.8783 -287 pips |
13.1665 -2595 pips |
12.90705 | |
| GBPSGD |
|
|
1.7287 -7 pips |
1.7403 -109 pips |
1.72939 |
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 | 22h 51min 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 | 5 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 | 7 days ago
