CPI inflation for June (y/y): 7,9% y/y today. 8.2% y/y was expected. Previously: 8.7% y/y.
Core CPI inflation for June (y/y): Currently 6,9% y/y. 7.1% y/y was expected. Previously: 7.1% y/y.
No sign of a 'hot' summer when it comes to inflation in the UK. Macroeconomic indicators surprise on the downside. Core CPI in the UK pleases the BoE (the smoothest m/m since January). The good news is that more disinflation is coming due to PPI deflation. Expectations for a 50bp hike at the next BoE meeting in August are falling. Source: Bloomberg
The pair is back below the psychological barrier of 1.3. Source: xStation 5
Daily summary: Silver plunges 9% 🚨Indices, crypto and precious metals under pressure
BREAKING: US jobless claims slightly higher than expected
Economic calendar: US Jobless Claims and ECB Speeches to Offer Markets Breathing Room (12.02.2026)
BREAKING: Pound frozen after lower-than-expected GDP data from UK 🇬🇧 📉