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  • UK consumer price inflation: June 2017

    From ons.gov.uk

    The Consumer Prices Index including owner occupiers’ housing costs (CPIH, not a National Statistic) 12-month inflation rate was 2.6% in June 2017, down from 2.7% in May 2017. This is the first fall in the CPIH inflation rate since April 2016, although it remains higher than in recent years. Falling prices for motor fuels and certain recreational and cultural goods and services were the main contributors to the fall in the rate. These downward contributions were partially offset by rising prices for furniture and furnishings. The Consumer Prices Index (CPI) 12-month rate was 2.6% in June 2017, down from 2.9% in May ... (full story)

why the drop in gbp? This is good news that inflation wasn't as high as expected.
When the rate moved from 2.3% to 2.7% in May 2017, GBP moved down by 80pips, now it has dropped to 2.7 from 2.9% and GBP is also dropping.

These figures don't matter, market expectation is the main driver
  •  Guest
  • | IP XXX.XX.32.65
just hate when it gets opposite.
It had already been leaked market not responding as it supposes to respond BS!!!
Quoting nwedepius
It had already been leaked market not responding as it supposes to respond BS!!!
Oh, please, do tell us more about how the market is "supposed" to act
Quoting Tyrannoforex
why the drop in gbp? This is good news that inflation wasn't as high as expected.
Joking??!!
Good luck though...

Quoting Not-KPMG
{quote}.... . Oh yes, don't buy pound yet - tomorrow's news were released and CPI is bad.... So maybe buy after the "news".
You need to look / feel the chart

Pound sink - what a shock
We in Robber Bank leak fan club are all shocked

Trade carefully!!!
Beware of robber banks (RB), bad advisors.
buy from the dip!
1.28 before friday
  •  Guest
  • | IP XX.XXX.85.146
because it has taken pressure of the BOE from raising interest rates....
Blatant insider dealing on the Pound this morning, price started dropping way before the 9:30 announcement.
Traders obviously had a heads up!!!!
Buy on dip sell at high
Quoting TheDream
Buy on dip sell at high
and from where you know where is the high & dip?
1.32
Quoting arinforex
1.32
oh yes. sure
Quoting arinforex
1.32
Doubt that, IMHO the cap is in place at 1.31.
There goes the rate rise

Quoting Tyrannoforex
why the drop in gbp? This is good news that inflation wasn't as high as expected.
It is good for consumers, it is bad for the currency.
Carbon-Dioxide: the gas of life!
Quoting armaros
{quote} and from where you know where is the high & dip?
Chart will tell you
Quoting Guest
because it has taken pressure of the BOE from raising interest rates....
What pressure, US inflation is below 2% and that has not stopped rate increase

UK inflation is above 2.5%, and rate is below 0.5%. This will not stop BOE, the major consideration is possible effect of 'Hard' or 'Soft' Brexit
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  •  Guest
  • | IP XX.XXX.94.18
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