GBP/USD: UK CPI

The British Pound appreciated against the US Dollar, following the UK CPI data release on Wednesday at 08:30 GMT. The GBP/USD exchange currency rate gained 14 pips or 0.12% right after the release. The British Pound continued trading at the 1.2070 level against the US Dollar.

The Office for National Statistics released the UK CPI data, which came out better-than-expected of 2.1% compared with the forecast of 1.9%.

According to the official release: "Between June and July 2019, there were large upward contributions to the change in the CPIH 12-month rate from games, toys and hobbies, and accommodation services, where prices for both rose by more than a year ago, and from clothing and footwear, and other financial services. There were offsetting downward contributions to change coming from transport services and, to a lesser extent, from domestic fuels principally electricity and gas."

gbpusd

 

EUR/USD: US CPI

The European Common Currency depreciated against the US Dollar, following the US CPI data release on Tuesday at 12:30 GMT. The EUR/USD exchange currency rate lost 14 pips or 0.13% right after the release. The Euro continued trading at the 1.1215 level against the Greenback.

Bureau of Labor Statistics released the US Core CPI data, which came out better-than-expected of 0.3% compared with the forecast of 0.2%.

According to the official release: "The index for all items less food and energy rose 0.3 in July, the same increase as in June. The July rise was broad-based, with increases in the indexes for shelter, medical care, airline fares, household furnishings and operations, apparel, and personal care all contributing to the increase. The index for new vehicles was one of the few to decline in July."

eurusd

 

GBP/USD: UK Average Earnings Index

The British Pound traded sideways against the US Dollar, following the UK Average Earnings Index data releases on Tuesday at 8:30 GMT. The GBP/USD exchange currency rate lost 2 pips or 0.01% right after the release. The British Pound continued trading at the 1.2070 level against the Greenback.

The Office for National Statistics released the UK Average Earnings Index data, which came out in line with the expectations of 3.7%.

According to the official release: "Pay for employees (including bonuses) increased by 1.8% on the year when adjusted for inflation; pay excluding bonuses increased by 1.9%."

gbpusd

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex Analysis

Editors’ Picks

EUR/USD hits new two-months highs after the ECB's boost

EUR/USD is trading above 1.1250, the highest since mid-March. The ECB added €600 billion in fresh stimulus, more than expected. The bank's move joins German stimulus and hopes for a recovery. 

EUR/USD News

GBP/USD returns to its lows as sentiment turns sour

GBP/USD trades around 1.2530, retreating from intraday highs as worse-than-expected US data took its toll on mood. The Bank of England is ramping up preparations for a no-trade-deal Brexit amid deadlocked talks, somehow limiting the intraday rally.

GBP/USD News

Cryptocurrencies: Crossroads in the war for dominance

Ethereum consolidates the 10% market share, looking forward to breaching the 10.25% level. The sentiment level shoots up again and clearly shows the two-way moment in the crypto market. Ripple is refusing to join the bullish party and remains anchored at the $0.20 level.

Read more

Gold recovers further from 1-month lows, moves back above $1715 level

Gold added to its intraday gains and refreshed daily tops, around the $1718 region during the early North American session.

Gold News

WTI: Recovery remains capped below $37 mark amid OPEC+ uncertainty

WTI (July futures on Nymex) is ranging in the familiar trading band near mid-36s so far this Thursday, having failed yet another upside attempts just shy of the 37 mark.

Oil News

Forex Majors

Cryptocurrencies

Signatures