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British Pound remains on the defensive as UK CPI meets expectations
The British Pound (GBP) ticks higher against the US Dollar (USD) on Wednesday, although the GBP/USD pair retreated to 1.3480 from session highs near 1.3500 after the release of the UK Consumer Prices Index (CPI) data for August.
Euro: Downside pressure toward 1.1490 against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann keep a cautious stance on EUR/USD after the pair closed almost unchanged near 1.1543.
Sweden Unemployment Rate above expectations (0%) in August: Actual (8.5%)
Sweden Unemployment Rate above expectations (0%) in August: Actual (8.5%)
British Pound faces selling pressure even as UK CPI rise in line with estimates
The British Pound (GBP) retreats from its day’s high of around 209.45 against the Japanese Yen (JPY) to near 209.15 after the release of the United Kingdom (UK) Consumer Price Index (CPI) report of August.
United Kingdom Retail Price Index (YoY) below expectations (3.5%) in August: Actual (3.4%)
United Kingdom Retail Price Index (YoY) below expectations (3.5%) in August: Actual (3.4%)
United Kingdom Retail Price Index (MoM) remains at 0.6% in August
United Kingdom Retail Price Index (MoM) remains at 0.6% in August
United Kingdom Producer Price Index - Output (YoY) n.s.a registered at 3.7% above expectations (3.3%) in August
United Kingdom Producer Price Index - Output (YoY) n.s.a registered at 3.7% above expectations (3.3%) in August
United Kingdom Producer Price Index - Output (MoM) n.s.a registered at 0.7% above expectations (0.3%) in August
United Kingdom Producer Price Index - Output (MoM) n.s.a registered at 0.7% above expectations (0.3%) in August
United Kingdom Producer Price Index - Input (YoY) n.s.a registered at 6.1% above expectations (5.4%) in August
United Kingdom Producer Price Index - Input (YoY) n.s.a registered at 6.1% above expectations (5.4%) in August
United Kingdom Producer Price Index - Input (MoM) n.s.a below forecasts (0.4%) in August: Actual (0.3%)
United Kingdom Producer Price Index - Input (MoM) n.s.a below forecasts (0.4%) in August: Actual (0.3%)
United Kingdom PPI Core Output (YoY) n.s.a down to 2.7% in August from previous 2.8%
United Kingdom PPI Core Output (YoY) n.s.a down to 2.7% in August from previous 2.8%
United Kingdom PPI Core Output (MoM) n.s.a dipped from previous 0.6% to 0.3% in August
United Kingdom PPI Core Output (MoM) n.s.a dipped from previous 0.6% to 0.3% in August
United Kingdom Core Consumer Price Index (YoY) in line with forecasts (2.6%) in August
United Kingdom Core Consumer Price Index (YoY) in line with forecasts (2.6%) in August