The GBP/USD pair once again faces rejection near a technically significant 200-day Simple Moving Average (SMA) and turns lower for the second consecutive day on Wednesday.
United Kingdom Producer Price Index - Input (MoM) n.s.a came in at 0.8%, above expectations (0.5%) in February
Commerzbank’s Thu Lan Nguyen highlights that the Swiss Franc (CHF) has weakened since the Iran war began, helped by ultra-low Swiss inflation and the Swiss National Bank’s (SNB) persistent intervention threats.
United Kingdom PPI Core Output (MoM) n.s.a declined to -0.8% in February from previous 0.2%
United Kingdom Producer Price Index - Output (YoY) n.s.a below forecasts (2.6%) in February: Actual (1.7%)
United Kingdom Core Consumer Price Index (YoY) above forecasts (3.1%) in February: Actual (3.2%)
United Kingdom Consumer Price Index (MoM) meets forecasts (0.4%) in February
United Kingdom Consumer Price Index (YoY) in line with expectations (3%) in February
United Kingdom Retail Price Index (MoM) came in at 0.4% below forecasts (0.5%) in February
United Kingdom Retail Price Index (YoY) came in at 3.6%, below expectations (3.7%) in February
Sweden Producer Price Index (MoM): 0.2% (February) vs previous 2.4%
Sweden Producer Price Index (YoY) rose from previous -2% to -1.7% in February
