UK Inflation Rate Will Impact GBP

UK Inflation Rate Will Impact GBP

What will happen?

The United Kingdom will publish the Inflation Rate on November 17, at 09:00 MT (GMT+2). It’s a significant indicator that reveals the change in the price of goods and services purchased by consumers during the previous month.

Why is it important?

The Bank of England will decide whether to raise the interest rate or not based on the inflation figures. These changes in the interest rate, in turn, impact the value of the British pound. 

If you want to know more, read the article “How to trade on central bank decisions”.

Last time, the UK inflation figures were worse than expected. As a result, GBP/USD dropped by 225 points in one hour after the release. 

2.png

How to trade on the UK Inflation Rate?

Compare the actual UK Inflation Rate with the forecast, which appears a few days before the report in the economic calendar.

  • If the Inflation Rate is greater than the forecasts, the GBP will surge.
  • Otherwise – fall.

Check the economic calendar

Instruments to trade: GBP/USD, GBP/JPY, EUR/GBP

LOG IN

Similar

US Inflation Jumped, Gold Keeps Rallying
US Inflation Jumped, Gold Keeps Rallying

EUR/USD has dropped sharply to the low unseen since July 2020. The reason was the higher-than-expected US inflation figures that shocked investors as the annual Inflation Rate rocketed to the 31-year high of 6.2%.

FOMC Will Discuss the Economic Outlook
FOMC Will Discuss the Economic Outlook

Federal Reserve will make a statement on November 3, 20:00 GMT+2. There we will hear about Fed’s view on the current economic situation, tapering plans, and other hawkish or dovish tones.

Latest news

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera