GBP/USD Weekly Forecast - 19 January - 23 January

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Friday, Jan 16 2015

Events that marked the week:

Morning part Tuesday's session was marked by UK CPI and PPI data. The Consumer Prices Index (CPI) grew by 0.5% in the year to December 2014, down from 1.0% in November. Analysts were anticipating increase by 0.7%. The main contributions to the fall came from the December 2013 gas and electricity price rises falling out of the calculation and the continuing drop in motor fuel prices.

Total input prices fell 2.4% between November and December, compared with a fall of 0.7% between October and November. This was in line with market forecasts.The overall price of materials and fuels bought by UK manufacturers for processing (total input prices) fell 10.7% in the year to December, compared with a fall of 8.2% in the year to November.

This week markets will be looking at:

Average Earnings Index/ Claimant Count Change (Wednesday 10:30)

MPC Official Bank Rate Votes/ MPC Asset Purchase Facility Votes (Wednesday 10:30)

Public Sector Net Borrowing (Thursday 10:30)

CBI Industrial Order Expectations (Thursday 12:00)

Retail Sales (Friday 10:30)

More in this category: « AUD/USD Weekly Forecast - 19 January - 23 January EUR/USD Weekly Forecast - 19 January - 23 January »

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