Tue, October 17, 2017
Inflation in the UK rose to a 5-year high as it reached 3% in September. Economists had forecasted the rise to 3% from 2.9% in August.
UK inflation had rose rapidly since Brexit last year because the Pound has fallen in value and the costs of imports has increased.
The Pound rose before the data was released as it was expected that inflation would hit a 5-year high. This also puts pressure on the BOE to raise interest rates. There next policy meeting is on November 2nd.
The Pound rose against both the Dollar and the Euro this morning to 1.3274 and 1.1283.
Data to look out today.
09:30: GBP: Consumer Price Index
CURRENCY PAYMENTS MADE SIMPLE
PRESS RELEASE
KBRFX was mentioned in the Essex Chronicle for the top 100 companies by turnover in Essex http://www.essexchronicle.co.uk/100-Essex-businesses-revealed-annual-survey/story-25140555-detail/story.html
| Day | Time | Currency | Event |
|---|---|---|---|
| TUE | 06:00 | EUR | EUR EU 25 New Car Registrations | TUE | 08:00 | EUR | EUR ECB's Constancio Speaks at Conference in Lisbon | TUE | 08:00 | EUR | EUR ECB's Constancio and Bank of Portugal's Carlos Speak in Lisbon | TUE | 08:15 | GBP | GBP BOE's Carney Ramsden and Tenreyro Appears Before Treasury | TUE | 08:30 | GBP | GBP CPIH (YoY) | TUE | 08:30 | GBP | GBP Consumer Price Index (MoM) | TUE | 08:30 | GBP | GBP Consumer Price Index (YoY) | TUE | 08:30 | GBP | GBP Core Consumer Price Index (YoY) | TUE | 08:30 | GBP | GBP Retail Price Index | TUE | 08:30 | GBP | GBP Retail Price Index (MoM) | TUE | 08:30 | GBP | GBP Retail Price Index (YoY) | TUE | 08:30 | GBP | GBP Retail Price Index Ex Mort Int.Payments (YoY) | TUE | 08:30 | GBP | GBP Producer Price Index Input n.s.a. (MoM) | TUE | 08:30 | GBP | GBP Producer Price Index Input n.s.a. (YoY) | TUE | 08:30 | GBP | GBP Producer Price Index Output n.s.a. (MoM) | TUE | 08:30 | GBP | GBP Producer Price Index Output n.s.a. (YoY) | TUE | 08:30 | GBP | GBP Producer Price Index Output Core n.s.a. (MoM) | TUE | 08:30 | GBP | GBP Producer Price Index Output Core n.s.a. (YoY) | TUE | 08:30 | GBP | GBP House Price Index (YoY) | TUE | 09:00 | EUR | EUR Euro-Zone Consumer Price Index (MoM) | TUE | 09:00 | EUR | EUR Euro-Zone Consumer Price Index (YoY) | TUE | 09:00 | EUR | EUR German ZEW Survey (Current Situation) | TUE | 09:00 | EUR | EUR Euro-Zone ZEW Survey (Economic Sentiment) | TUE | 09:00 | EUR | EUR German ZEW Survey (Economic Sentiment) | TUE | 09:00 | EUR | EUR Euro-Zone Consumer Price Index - Core (YoY) | TUE | 10:15 | GBP | GBP BOE Governor Carney Testifies to Lawmakers | TUE | 12:30 | USD | USD Import Price Index (MoM) | TUE | 12:30 | USD | USD Import Price Index ex Petroleum (MoM) | TUE | 12:30 | USD | USD Import Price Index (YoY) | TUE | 12:30 | USD | USD Export Price Index (MoM) | TUE | 12:30 | USD | USD Export Price Index (YoY) | TUE | 13:15 | USD | USD Industrial Production | TUE | 13:15 | USD | USD Capacity Utilization | TUE | 13:15 | USD | USD Manufacturing (SIC) Production | TUE | 13:30 | GBP | GBP BOE's Brazier Speaks in Lisbon | TUE | 14:00 | USD | USD NAHB Housing Market Index | TUE | 15:30 | USD | USD U.S. to Sell 4-Week Bills | TUE | 17:00 | USD | USD Fed's Harker Speaks on Equitable Transit |
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*These are indicative rates only, based on interbank prices at the time of writing. For exact rates please contact our dealing team
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