UK inflation sticks at nearly six-year high in January (news: 13/02/18)

Today's press

  • LONDON (Reuters) – British inflation unexpectedly held close to its highest level in nearly six years in January, highlighting the challenge facing the Bank of England and reinforcing expectations of a rise in interest rates in May.

  • For about five minutes, the world’s most volatile currency barely budged as a top leader of South Africa’s ruling party made the announcement that everybody had been waiting for: President Jacob Zuma has been ordered to resign.

  • LONDON (Reuters) – Traders betting on the Goldilocks scenario of a not-too-hot, not-too-cold global economy came up against market bears again on Tuesday, with little sign yet of a winner emerging in their ongoing face-off.

  • FRANKFURT (Reuters) – It is not the European Central Bank’s job to regulate Bitcoin, its President Mario Draghi said on Tuesday, while warning the public about the risks associated with the volatile cryptocurrency.

  • Investing.com – The U.S. dollar remained broadly lower against other major currencies on Tuesday, as sentiment on the greenback became more vulnerable in the face of recovering equity markets.

  • The naira closed at 363 per United States dollar at the parallel market on Monday despite the sale of the sum of $536m on Friday and Monday by the Central Bank of Nigeria.

  • Russia’s Ministry of Communications and Mass Media (Minkomsvyaz) has published a document establishing the licensing rules for ICO projects, Forklog news outlet reported Monday, Feb. 12.

  • UK house price growth accelerated to 5.2 per cent in the year to December, new official data shows.

Next trading day's important events

  • 10:00 (GMT+3) DE – Harmonised Index of Consumer Prices (YoY) (Jan)
  • 13:00 (GMT+3) Eurozone – Gross Domestic Product s.a. (YoY) (Q4)
  • 16:30 (GMT+3) US – Retail Sales ex Autos (MoM) (Jan)
  • 16:30 (GMT+3) US – Consumer Price Index (YoY) (Jan)


Forex quotes:

  • USDJPY: 107.62
  • EURUSD: 1.2355


Indices:

  • S&P 500: 2645.04
  • NASDAQ: 6966.57

Source: Alpari

Leave a Reply