How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
British inflation reaches 5-1/2-year maximum in September
In September, UK inflation grew to its highest value in five years, according to official data, which could make the BoE more likely to lift interest rates next month.
The previous month consumer prices grew 3% versus 2016, as the Office for National Statistics told on Tuesday, matching experts’ average expectation in a Reuters survey and also marking the fastest soar since April 2012.
Ascending inflation – powered mostly by the pound's dip since Brexit vote - has affected household incomes in 2017, causing broader economic surge to slow because wages haven’t managed to keep pace with the soaring cost of living.
Nevertheless, the previous month the BoE told it expected to lift interest rates in the nearer months, so long as the British economy and price pressures kept strengthening.
A majority of financial experts surveyed by Reuters are assured that the BoE will move at its next gathering already in November – although many of them stressed that it would be a serious mistake to act now.
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Latest news
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
