Will the UK Consumer Price Index match the market forecast of 10.2%?

Will the UK Consumer Price Index match the market forecast of 10.2%?

14.09.2022

In yesterday’s U.S. currency markets, the U.S. dollar emerged as the strongest currency after the U.S. Consumer Price Index (CPI) came in at 8.3%—exceeding market expectations of 8.1%—despite a decline from the previous month’s 8.5%. The GBP/USD pair fell by approximately 250 pips from 1.1738 to 1.1490. On the daily chart, the pair plummeted from this month’s high to near this month’s low in a single move.With the UK CPI release scheduled for today, traders should pay close attention to any price movements resulting from the report.

Among European currencies, the GBP/JPY pair fell by about 1.5 yen from 167.552 to 165.937 ahead of today’s CPI release. The GBP/JPY pair has continued to decline during today’s Asian trading session, dropping to 165.589, so attention will be focused on whether the UK CPI release will halt the decline.

Today, at 3:00 PM Asia time, the UK Consumer Price Index, UK Retail Sales, and UK Producer Price Index will be released, followed by the EurozoneIndustrial Production, South African Retail Sales and the U.S. MBA Mortgage Applications Index at 20:00, Canadian Manufacturing Shipments and the U.S. Producer Price Index at 21:30 U.S. time, U.S. Weekly Crude Oil Inventories at 23:30, and New Zealand Q2 GDP at 7:45 the following day.Today’s UK CPI is forecast to come in at 10.2% year-on-year; we will be watching closely to see if it exceeds market expectations.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?