wrapper

GBP/USD Daily Forecast - 14 February

Tuesday, Feb 13 2018
GBP/USD Daily Forecast - 14 February

Focus of the yesterday's session was on UK CPI and PPI figures. The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.7% in January 2018, unchanged from December 2017. The largest downward contribution to change in the rate came from prices for motor fuels, which rose by less than they did a year ago. The main upward effect came from prices for a range of recreational and cultural goods and services, in particular, admissions to attractions such as zoos and gardens, for which prices fell by less than they did a year ago. The Consumer Prices Index (CPI) 12-month rate was 3.0% in January 2018, unchanged from December 2017.

The headline rate of inflation for goods leaving the factory gate (output prices) rose 2.8% on the year to January 2018, down from 3.3% in December 2017. Prices for materials and fuels (input prices) rose 4.7% on the year to January 2018, down from 5.4% in December 2017. All industries provided upward contributions to output annual inflation; the largest contribution was made by food products. Prices of imported materials and fuels increased 3.5% on the year to January 2018, slowing from 5.2% in December 2017 and the lowest the rate has been since June 2016.

 

There will be no major data releases from the UK tomorrow. In the US session CPI and Retail Sales figures will be published. Analysts expect 0.4% increase in CPI and 0.2% incline in CPI.

 

Figures to watch:

 

Retail Sales (Wednesday 14:30)

CPI (Wednesday 14:30)

More in this category: « AUD/USD Daily Forecast - 14 February EUR/USD Daily Forecast - 14 February »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.