UK September CPI rose 3.5% y/y (vs 3.4% estimate, 3.1% prior), with core CPI at 2.8% y/y and services CPI at 3.7% y/y.
LiveSquawk10/21, 01:04 PM
- 0.4%
- est 0.3%
- prev 0.5%
- 3.5%
Figures as quoted by LiveSquawk
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
GBP
Pushes up
DaysMedium confidence
Hotter headline, core and services CPI keeps BoE tightening expectations intact, supporting the pound.
What could change this
A slower month-on-month pace (0.4% versus 0.5% prior) could soften the hawkish read if it continues in future releases.
GBP/USD before and after this story
1.3378-0.17%vs previous close
+0.06%
since this story
Measured from the price when this story was posted to the latest stored price, so it can lag the live price.
This story
10/15, 04:00 AMNow