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 |
|
|
1.2452 -64 pips |
1.2589 -73 pips |
1.25163 | |
| GBPJPY |
|
|
187.3566 -754 pips |
193.9474 +95 pips |
194.897 | |
| EURGBP |
|
|
0.8581 -28 pips |
0.8632 -23 pips |
0.86094 | |
| GBPCAD |
|
|
1.7006 -125 pips |
1.7153 -22 pips |
1.71312 | |
| GBPCHF |
|
|
1.1190 -160 pips |
1.1440 -90 pips |
1.13501 | |
| GBPNZD |
|
|
2.0607 -192 pips |
2.0900 -101 pips |
2.07993 | |
| GBPAUD |
|
|
1.8688 -267 pips |
1.9099 -144 pips |
1.89554 | |
| GBPNOK |
|
|
0 -135863 pips |
13.8222 -2359 pips |
13.58630 | |
| GBPSEK |
|
|
13.2590 -3362 pips |
13.7155 -1203 pips |
13.59518 | |
| GBPSGD |
|
|
1.6828 -111 pips |
1.6992 -53 pips |
1.69394 |
News (GBP)
Bank Of England Moves Closer To Rate Cut
The Bank of England left its key policy rate unchanged for the sixth consecutive meeting and signaled that the first rate cut since 2020 is on the horizon. The Monetary Policy Committee decided to hold the Bank Rate at 5.25 percent again in a split vote. The current bank rate is the highest since early 2008.
RTTNews | 17h 22min ago
UK Halifax House Prices Edge Up In April
UK house prices rose only marginally in April as rising interest rate expectations weighed on the property market, data published by the mortgage lender Halifax showed on Tuesday. House prices posted a monthly increase of 0.1 percent in April, which was weaker than the expected 0.2 percent growth. However, this was in contrast to the 0.9 percent fall in March.
RTTNews | 2 days ago
UK Manufacturing Activity Slips Into Contraction
The UK manufacturing activity slid into contraction at the start of the second quarter as improvement in output and new orders were short-lived amid uncertain market conditions, client destocking and supply chain disruptions. The S&P Global final manufacturing Purchasing Managers' Index fell to 49.1 in April from a 20-month high of 50.3 in March, survey results showed on Wednesday. The score was
RTTNews | 8 days ago
