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 |
|
|
1.3186 -415 pips |
1.3533 +68 pips |
1.36013 | |
| GBPJPY |
|
|
195.4724 -492 pips |
198.8994 +149 pips |
200.393 | |
| EURGBP |
|
|
0.8552 -96 pips |
0.8663 -15 pips |
0.86484 | |
| GBPCAD |
|
|
1.8523 -245 pips |
1.8690 +78 pips |
1.87681 | |
| GBPCHF |
|
|
1.0790 -13 pips |
1.1011 -208 pips |
1.08029 | |
| GBPNZD |
|
|
2.2574 -218 pips |
2.2170 +622 pips |
2.27920 | |
| GBPAUD |
|
|
1.9858 -539 pips |
2.0590 -193 pips |
2.03973 | |
| GBPNOK |
|
|
13.3712 -59 pips |
13.4597 -826 pips |
13.37708 | |
| GBPSEK |
|
|
12.7293 +1155 pips |
12.8104 -1966 pips |
12.61381 | |
| GBPSGD |
|
|
1.7334 -79 pips |
1.7544 -131 pips |
1.74133 |
News (GBP)
UK Economy Flatlines In July
The UK economy stagnated in July, posing further challenges to Chancellor Rachel Reeves as any tax hikes or spending cuts would again dampens activity. Real gross domestic product showed no growth in July, as expected, after rising 0.4 percent in June, the Office for National Statistics reported Friday.
RTTNews | 3 days ago
UK House Prices Rise For Third Month: Halifax
UK house prices increased for the third straight month to hit the highest on record in August, data from the mortgage lender Halifax showed Friday. House prices grew 0.3 percent in August from a month ago. However, this was slightly weaker than the 0.4 percent increase in July. Prices increased for the third straight month and logged a faster-than- expected rise of 0.2 percent.
RTTNews | 10 days ago
UK Construction Sector Continues To Shrink
The UK construction sector contracted for the eighth consecutive month in August due to marked reductions in the housing and civil engineering works, survey data published by S&P Global showed on Thursday. The construction Purchasing Managers' Index posted 45.5 in August, up from 44.3 in July. However, the score remained well below the 50.0 mark indicating sharp fall in construction output.
RTTNews | 11 days ago
