According to the Office for National Statistics (ONS) UK inflation in the country in December of last year amounted to 2% annualized. This can be considered the lowest inflation rate since November 2009, said forex analysts.
For the first time in four years, inflation in the UK was at the target level of the Bank of England. In November 2013 the annual inflation rate was 2.1 %. Analysts had expected that it will continue at the same level", Forex experts say. UK consumer prices increased in December by 0.4% compared to November, when there was an increase of 0.1%. The consensus forecast, according to Forex brokers for this indicator was 0.5%.
"The increase in the index of CPI Core, which excludes prices of food, alcohol, tobacco and energy prices, slowed to 1.8 % in November to 1.7% in December 2013, despite the forecasts of experts, do not expect change. Deceleration of inflation in the UK on an annual basis reflects, in particular, the decline in alcohol and tobacco by 1.2%, clothing and footwear - 0.9%", said Forex analysts.
The pound/dollar failed to build on a downward spiral.
"On the currency pair GBP/USD today, January 15, 2014, the price continues to be in the area of previous levels and, unfortunately, it failed to develop a downward spiral" - analysts said the company's Forex Forex Broker Finance Pantheon (included in the top ranking of brokers Forex Masterforex-V World Academy). "But still as a continuation of the downward movement is recommended to open short positions with targets 1,6330-1,6300 and stop orders to limit losses placed at 1.65470", advise experts Forex Pantheon of Finance.
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GBP/USD: Staying At The Same Level
Published 01/16/2014, 03:58 AM
Updated 07/09/2023, 06:31 AM
GBP/USD: Staying At The Same Level
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