UK CPI inflation rose above expectations. GBP/USD little changed so far

Market news

18 October 2016

UK CPI inflation rose above expectations. GBP/USD little changed so far

The Consumer Prices Index (CPI) rose by 1.0% in the year to September 2016, compared with a 0.6% rise in the year to August.

The rate in September 2016 was the highest since November 2014, when it was also 1.0%.

The main upward contributors to change in the rate were rising prices for clothing, overnight hotel stays and motor fuels, and prices for gas, which were unchanged, having fallen a year ago.

These upward pressures were partially offset by a fall in air fares and food prices.

CPIH (not a National Statistic) rose by 1.2% in the year to September 2016, up from 0.9% in August.

UK Housing market indicators suggested a period of relative stability

UK Producer Price Index rose again in the year to September 2016

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.