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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 |
|
|
1.3013 -194 pips |
1.3449 -242 pips |
1.32070 | |
| GBPJPY |
|
|
194.1151 -505 pips |
197.6620 +151 pips |
199.170 | |
| EURGBP |
|
|
0.8543 -98 pips |
0.8664 -23 pips |
0.86407 | |
| GBPCAD |
|
|
1.7901 -390 pips |
1.8440 -149 pips |
1.82905 | |
| GBPCHF |
|
|
1.0764 +30 pips |
1.0944 -210 pips |
1.07340 | |
| GBPNZD |
|
|
2.1882 -538 pips |
2.1487 +933 pips |
2.24195 | |
| GBPAUD |
|
|
2.0004 -548 pips |
2.0791 -239 pips |
2.05517 | |
| GBPNOK |
|
|
13.6259 -243 pips |
13.6365 +137 pips |
13.65018 | |
| GBPSEK |
|
|
12.8567 -733 pips |
13.1338 -2038 pips |
12.92998 | |
| GBPSGD |
|
|
1.7196 +48 pips |
1.7335 -187 pips |
1.71481 |
News (GBP)
UK Mortgage Approvals At 3-Month High
UK mortgage approvals rose to a three-month high in June and consumer credit increased notably, official data revealed on Tuesday. Approvals for house purchases increased to a three-month high of 64,167 in June from 63,288 in May, the Bank of England reported. Approvals were above economists' forecast of 63,000.
RTTNews | 2 days ago
UK Retail Sales Rebound As Warm Weather Boosts Spending
UK retail sales recovered in June as warm weather boosted consumer spending but consumer sentiment weakened amid fears of possible tax rate hikes, data showed Friday. Retail sales grew 0.9 percent on a monthly basis, in contrast to the revised 2.8 percent drop in May, the Office for National Statistics reported. However, this was weaker than economists' forecast of 1.2 percent gain.
RTTNews | 6 days ago
UK Private Sector Growth Moderates On Services Activity
UK private sector output continued to grow in July but the pace of expansion moderated as services activity lost momentum, flash survey results from S&P Global revealed on Thursday. The composite output index slid to 51.0 in July from 52.0 in June. The reading was also above the forecast of 51.9.
RTTNews | 7 days ago
