Latest UK inflation data now out
- -0.1% prev
- yy -0.1% vs -0.1% exp/prev
- Core yy +1.1 % vs +1.0% exp/prev
- RPI mm 0.0% vs +0.1% exp vs -0.1% prev
- yy +0.7% vs +0.9% exp vs +0.8% prev
- ex- mortgage payments yy +0.8% vs +0.9% exp/prev
Core CPI stronger than expected gives pound a lift across the board but softer RPI tempering gains
Negative yy has to be a worry for the BOE still
ONS says upward price pressures for clothing and footwear and a range of recreational goods were offset by downward price pressures for university tuition fees, food, alcohol and tobacco, resulting in no change to the overall rate of inflation.
Full report here
ONS House Price Index 6.1% vs 5.4% exp vs 5.5% prev revised up from 5.2%
ALso out Produce Price Index:
- input nsa mm +0.2% as exp vs +0.5% prev revised down from +0.6%
- yy-12.1% vs -12.0% exp vs -13.4% prev revised down from -13.3%
- output nsa mm 0.0% vs -0.1% exp/prev
- nsa yy -1.3% vs -1.4% exp vs -1.8% prev
Softer PPI input to be expected given commodity prices and not going to change any time soon
GBPUSD finding offers/res around 1.5200. More in wait at 1.5220. Support/bids now 1.5175-80 and 1.5150
EURGBP still finding demand in the dips
UK CORE CPI YY
