Advertisement
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 |
|
|
1.3065 -519 pips |
1.3584 +0 pips |
1.35842 | |
| GBPJPY |
|
|
194.2129 -519 pips |
197.4174 +199 pips |
199.406 | |
| EURGBP |
|
|
0.8541 -89 pips |
0.8614 +16 pips |
0.86304 | |
| GBPCAD |
|
|
1.8161 -411 pips |
1.8614 -42 pips |
1.85724 | |
| GBPCHF |
|
|
1.0848 +32 pips |
1.0978 -162 pips |
1.08163 | |
| GBPNZD |
|
|
2.2197 -470 pips |
2.1285 +1382 pips |
2.26669 | |
| GBPAUD |
|
|
2.0205 -596 pips |
2.0942 -141 pips |
2.08008 | |
| GBPNOK |
|
|
13.6623 -407 pips |
13.7809 -779 pips |
13.70303 | |
| GBPSEK |
|
|
12.8783 -494 pips |
13.1665 -2388 pips |
12.92772 | |
| GBPSGD |
|
|
1.7353 -34 pips |
1.7530 -143 pips |
1.73867 |
News (GBP)
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 | 1 day 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 | 4 days ago
UK Car Sales Expand On Strong Electric Car Demand: SMMT
UK car sales expanded for the second straight month and marked the best June since 2019 with strong growth in battery electric car demand, data from the Society of Motor Manufacturers & Traders showed on Friday. New car market grew 6.7 percent from a year ago to 191,316 units in June. This was the best June since 2019, helping lift first half performance 3.5 percent above the same period last yea
RTTNews | 4 days ago
