News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Heads Up:🇷🇺 CBR Press Conference due at 12:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-04-23
  • ECB said to expect difficult June decision on bond-buying pace, ECB views said to differ on economic optimism and need for caution - ECB sources $EUR
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.49%, while traders in Germany 30 are at opposite extremes with 68.53%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/coX4Ww1pRP
  • 🇷🇺 Interest Rate Decision Actual: 5% Expected: 4.75% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2021-04-23
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.50% Gold: 0.13% Silver: -0.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/DyTN6Z1PLU
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.34% 🇪🇺EUR: 0.34% 🇬🇧GBP: 0.33% 🇨🇦CAD: 0.18% 🇳🇿NZD: 0.15% 🇯🇵JPY: 0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/JKnNu9wyXr
  • Heads Up:🇷🇺 Interest Rate Decision due at 10:30 GMT (15min) Expected: 4.75% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2021-04-23
  • ECB's De Cos - Including transient and mild inflation overshoots in monetary policy strategy is expected to have only a minor impact on inflation expectations - A point plan of exactly 2% would be a reasonable option (current inflation guidance = below, but close to 2%)
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: US 500: 0.20% Wall Street: 0.13% France 40: -0.26% Germany 30: -0.31% FTSE 100: -0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/OEqPvEZrZu
  • 🇬🇧 Markit/CIPS Manufacturing PMI Flash (APR) Actual: 60.7 Expected: 59 Previous: 58.9 https://www.dailyfx.com/economic-calendar#2021-04-23
UK Annual Inflation Remains at an 11-Month High

UK Annual Inflation Remains at an 11-Month High

Benjamin Spier, Technical Strategist

THE TAKEAWAY: UK annual inflation remains at 2.8% in March, an 11-month high -> BoE’s King says to look at inflation in context of a struggling economy -> Pound continues to trade steady

UK annual inflation remained at an 11-month high in March, bringing in to focus on the next Bank of England monthly policy meeting.

Consumer prices rose 2.8% from March 2012, meeting expectations and unchanged from the February annual inflation rate. The CPI rose 0.3% on a monthly basis in March, according to the UK Office for National Statistics. Producer prices rose 0.4% from March 2012 (non-seasonally adjusted), and the retail price index rose 3.3% annually.

The UK annual inflation rate has remained above the BoE’s target since November 2009, as the struggling economic performance has prevented the central bank from tightening monetary policy. The BoE said in February that it expects inflation to remain above its target rate for the next two years. BoE Governor King was one of the three Monetary Policy Committee members who voted unsuccessfully for a rise in the asset purchase target in March. King said in February that inflation must be looked at within a context of a struggling economy.

The Pound did not show a significant reaction to the as-expected inflation rate, and the pair continues to trade slightly below 1.5300 at the time of this writing. Support may be provided by a broken resistance line around 1.5250, and resistance may be seen by a 3-week high set last week at 1.5409.

(How does a Currency War affect your FX trading? Take our free course to find out!)

GBPUSDDaily: April 16, 2013

UK_Annual_Inflation_Remains_at_an_11-Month_High_body_gbpusd.png, UK Annual Inflation Remains at an 11-Month High

Chart created by Benjamin Spier using Marketscope 2.0

-- Written by Benjamin Spier, DailyFX Research. Feedback can be sent to instructor@dailyfx.com .

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES