GBPUSD leads faint pound gains after UK CPI data
GBPUSD led a faint pound rise after UK CPI y/y at 06:00 UTC, firming versus the dollar, Singapore dollar and euro while flat against yen and franc.
GBPUSD led a faint pound rise after UK CPI y/y at 06:00 UTC, firming versus the dollar, Singapore dollar and euro while flat against yen and franc.
UK CPI y/y at 06:00 UTC leads the day, seen rising to 3.4% from 3.1%, with BOE's Bailey at 13:00 and New Zealand CPI at 21:45 to follow.
UK CPI y/y lands at 06:00 UTC on 21 Oct, forecast 3.4% vs 3.1% prior. See how sterling crosses GBP/SEK, GBP/NZD and GBP/AUD are trading into it.
The UK Average Earnings Index lands at 06:00 UTC, with pay growth forecast at 3.8% versus 3.9% prior β the only scheduled release on the calendar for sterling.
A CPI-heavy week: Canada's inflation set lands Monday, UK and New Zealand consumer prices both follow Wednesday. The forecasts, timing and FX in play.
Bank of England Governor Bailey speaks at 06:45 UTC on 17 October. GBP/AUD leads sterling pairs, up 1.03%, as markets watch the BOE tone.
BOE Gov Bailey's remarks drew a muted sterling reaction on our feed: GBPAUD led with a 0.08% slip while GBPUSD edged up and crosses barely moved.
UK GDP m/m landed at 06:00 UTC and the pound's reaction clustered in GBPNOK, up 0.27%, while most other sterling crosses barely moved.
US producer prices and retail sales headline a packed Thursday, bracketed by UK GDP at 06:00 UTC and overnight speeches from Bailey, Warsh and Macklem.
Bank of England Governor Bailey headlines at 12:15 UTC, bracketed by FOMC's Waller at 08:30 and US jobless claims (200K forecast vs 197K) at 12:30.
Sterling edged higher after BOE Governor Bailey spoke on 25 September, with GBPSEK the clearest mover and the pound little changed against the dollar.
BOE Governor Bailey speaks at 09:15 UTC with no data attached. Sterling trades softer into the remarks, led by GBPSEK and GBPNOK declines.