The UK’s Consumer Price Index rose by 2.7% in October from the previous year. Expectations were for a rise of the CPI from 2.2% to 2.3%. Core CPI rose by 2.6% and was expected to tick up from 2.1% to 2.2%. RPI jumped 3.2% and was predicted to rise from 2.6% to 2.9%. All the figures are year-over-year. The higher than expected numbers may deter the BOE from expanding the QE program again. GBP/USD was struggling in recent days, and traded around 1.5890 prior to the publication, rising before the data was actually published. The Bank of England has a target of 1-3%, so inflation is still in range, although leaning higher. Also producer prices exceeded expectations: PPI input was expected to fall by 0.4% but actually rose by 0.4%. PPI Output came out within expectations and rose by 0.1%. Tomorrow, the UK will publish employment figures, which might better show where the economy is headed after an impressing Q3. See how to trade the employment data with GBP/USD. The pound has been on the back foot after losing the 1.60 line. 1.56 is major support, but it’s still far. For more on cable, including technical levels, see the GBPUSD forecast. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next German ZEW Economic Sentiment Falls – EUR/USD Digs Lower Yohay Elam 10 years The UK's Consumer Price Index rose by 2.7% in October from the previous year. Expectations were for a rise of the CPI from 2.2% to 2.3%. Core CPI rose by 2.6% and was expected to tick up from 2.1% to 2.2%. RPI jumped 3.2% and was predicted to rise from 2.6% to 2.9%. All the figures are year-over-year. The higher than expected numbers may deter the BOE from expanding the QE program again. GBP/USD was struggling in recent days, and traded around 1.5890 prior to the publication, rising before the data was actually published. The Bank of England has a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
