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. See our updated Privacy Policy here.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
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
More View more
Real Time News
  • The results of this weekend’s German Federal Election will likely dominate Euro sentiment at the start of the week ahead but after a possible EUR/USD bounce they will have little long-term impact. Get your weekly $EUR forecast from @MartinSEssex here:
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • A currency carry trade involves borrowing a low-yielding currency in order to buy a higher yielding currency in an attempt to profit from the interest rate differential. Find out if the carry trade suits your trading style here:
  • Sterling continues to contract into trend extremes and the focus is on a pending breakout in the weeks ahead. Get your weekly $GBP technical forecast from @MBForex here:
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here:
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • It’s important for traders to be familiar with FX spreads as they are the primary cost of trading currencies. Understand a pair's spread here:
  • Further your forex knowledge and gain insights from our expert analysts on EUR with our free guide, available today:
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here:
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here:
British Pound Little Changed as UK's Inflation Moves Slightly Higher

British Pound Little Changed as UK's Inflation Moves Slightly Higher

Oded Shimoni, Junior Currency Analyst

Talking Points:

  • The British Pound was little changed versus other major currencies
  • UK’s Core CPI at 1.4%, above expectations
  • Headline CPI rises to 0.2% year-on-year, as expected

Find Key Turning Points for the British Pound with DailyFX SSI

The British Pound was little changed versus other major currencies (at the time this report was written) after the UK’s Consumer Price Index (CPI) figures released today, showed inflation rose above expectations in December. Headline CPI figure showed an annual rise of 0.2% percent, as was expected by economists, which was above the November reading of 0.1%. The month on month figure came slightly above expectations by printing 0.1%, above the prior and expected figure of 0.0%. Core CPI, which excludes volatile factors such as food, energy, alcohol, and tobacco, rose to 1.4% from the prior and expected figure of 1.2%. Looking into the report, the Office for National Statistics said that the movements in transport costs, particularly air fares, were the main contributors to the rise in the rate, with downward pressures from alcohol, tobacco, food and non-alcoholic beverages partially offsetting the rise.

CPI readings are a key measure for the BoE in deciding when to begin raising interest rates. In their latest rate decision, the BoE said that the recent decline in oil prices meant that the expected increase in inflation is set to be more gradual than forecasted in the Committee’s November Inflation Report projections, and that the risks to the 2% inflation projections in two years’ time are a little to the downside. Perhaps these comments put the latest reading in question, with the market focusing on data further down the line. As was mentioned earlier today by DailyFX Currency Strategist Ilya Spivak, leading survey showed downward price pressures may have waned, opening the door for an upside surprise.The Sterling has been trading higher coming into the report which might suggest the market anticipated the slight uptick, and the British Pound was little changed.

British Pound Little Changed as UK's Inflation Moves Slightly Higher

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