No change in the market after the release of the British CPI indexDeltafx Admin 23 January 2023
The Consumer Price Index (CPI) measures changes in the prices of goods and services from the perspective of consumers. This index is an important method of measuring changes in purchasing power and inflationary trends. A value that is higher than expected should be considered positive/bullish for the pound, while a value that is lower than expected reading should be considered negative/bearish for the pound;
The UK Consumer Price Index was released on January 18 at 10.5%, which was in line with expectations. The value for the reporting period was 10.7%.
After the release of this index in line with forecasts, there was no significant change in the markets.