x
Breaking News
0

A Report On Inflation In The UK Supported The Pound

By JustForexMarket OverviewSep 13, 2017 08:07AM ET
www.investing.com/analysis/a-report-on-inflation-in-the-uk-supported-the-pound-200213002
A Report On Inflation In The UK Supported The Pound
By JustForex   |  Sep 13, 2017 08:07AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

During yesterday's trading, the pound strengthened significantly against the US dollar. The growth of the GBP/USD quotations exceeded 150 points. The currency has reached the round level of 1.3300. The National Statistical Office of Great Britain reported that in August consumer prices (in annual terms) increased by 2.9%. Market expectations were at 2.8%. Inflation in the UK has reached its high over the last 5 years. Some experts believe that a significant increase in consumer prices could lead to a decline in living standards in Britain.

At the same time, the US dollar continued to grow relative to other major currencies. Concerns about the aftermath of Hurricane Irma and tension on the Korean peninsula significantly decreased. The US currency was also supported by an increase in the 10-Year US government bonds yield by 8 basis points.

The "black gold" prices are consolidating. At the moment, futures for the WTI crude oil are being traded in the range of $48.50-48.75 per barrel.

Market Indicators

Yesterday, the major US stock indices closed in the positive zone: SPY (NYSE:SPY) (0.34%), DIA (NYSE:DIA) (0.30%), QQQ (NASDAQ:QQQ) (0.24%).

At the moment, the 10-year US government bonds yield is at the level of 2.16-2.17%.

The dollar index (DX) closed the trading session with a slight increase (+0.04%).

The news background on 2017.09.13:

A Report On Inflation In The UK Supported The Pound
 

Related Articles

A Report On Inflation In The UK Supported The Pound

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

 
Are you sure you want to delete this chart?
 
Write your thoughts here
 
Replace the attached chart with a new chart ?
Post
Post also to:
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
 
Replace the attached chart with a new chart ?
Post 1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email