1. Hello Guest Click here to check FX Binary Point Financial Directory

UK CPI's missing and pound takes a beating- Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at Nomura noted that all the headline measures of consumer price inflation in the UK disappointed in September, with slightly stronger producer price pressures providing little consolation.

    See here for the latest price action in GBP/USD (GBP/USD consolidates losses, worst day since late September).

    Key Quotes:

    "Most striking was the 13bp fall in the CPI inflation rate to -0.1% y-o-y (Consensus: 0.0%), thereby more obviously showing inflation’s ongoing flirtation with negative territory."

    "Although the decline in the RPI inflation rate was larger (-31bp to 0.77% y-o-y), it was adversely affected by the increased weight it assigns to airfares this year. Both inflation measures were 0.2pp weaker than our forecast, with downside news concentrated in clothing (9bp) and transport (13bp) as other small surprises cancelled out.
    For more information, read our latest forex news.

Share This Page