UK CPI EXPECTED TO RISE SHARPLY, CHALLENGING BOE’S RATE CUT PATH

Tina Collins

19 Feb 2025 — 1 min read

UK CPI EXPECTED TO RISE SHARPLY, CHALLENGING BOE’S RATE CUT PATH

UK Consumer Price Index (CPI) for January to be released Wednesday at 07:00 GMT.

Annual CPI expected to rise to 2.8% in January, up from 2.5% in December.

Core CPI, excluding energy, food, alcohol, and tobacco, forecasted to rise to 3.6%.

Service inflation expected to jump to 5.2% from 4.4% in December.

Monthly CPI expected to decline by 0.3%.

Pound Sterling may experience volatility due to the data’s impact on the Bank of England’s rate-cut plans.

CHINA: RETAIL SALES AND INDUSTRIAL PRODUCTION BEAT EXPECTATIONS

CHINA: RETAIL SALES AND INDUSTRIAL PRODUCTION BEAT EXPECTATIONS Grew 4% YoY in February, matching expectations and improving from January's 3.7%. Increased by 5.9% YoY, surpassing the 5.3% forecast but slower than January’s 6.2% growth.

GOLD PRICE SITS NEAR RECORD HIGH, CONTINUES TO DRAW SUPPORT FROM THE GLOBAL FLIGHT TO SAFETY

Gold price is near its highest level ever. People are buying gold because of global economic worries. Traders expect the U.S. Federal Reserve to cut interest rates in 2025. The U.S. dollar is weak, which helps gold stay strong. Investors see gold as a safe place to keep

CHINA FEBRUARY 2025 NEW HOME PRICES FALL 4.9% YoY, 0.1% MoM

CHINA FEBRUARY 2025 NEW HOME PRICES FALL 4.9% YoY, 0.1% MoM New home prices fell 4.9% YoY and 0.1% MoM in February. The housing sector remains under pressure, with January showing a 5% YoY decline. PBOC set USD/CNY reference rate at 7.1688, the strongest

WEEK AHEAD – CENTRAL BANKS IN FOCUS AMID TRADE WAR TURMOIL

Federal Reserve (Fed): Will decide on interest rates while worrying about a possible recession. Bank of Japan (BoJ): Traders are watching for signs that Japan might raise interest rates. Swiss National Bank (SNB): Expected to cut interest rates by 0.25%. Bank of England (BoE): Likely to keep rates the

Read more

CHINA: RETAIL SALES AND INDUSTRIAL PRODUCTION BEAT EXPECTATIONS

GOLD PRICE SITS NEAR RECORD HIGH, CONTINUES TO DRAW SUPPORT FROM THE GLOBAL FLIGHT TO SAFETY

CHINA FEBRUARY 2025 NEW HOME PRICES FALL 4.9% YoY, 0.1% MoM

WEEK AHEAD – CENTRAL BANKS IN FOCUS AMID TRADE WAR TURMOIL