In June, UK headline CPI was unchanged at 2.0% yoy, matched expectations. Core CPI accelerated to 1.8% yoy, up from 1.7% yoy, matched expectations. RPI slowed to 2.9% yoy, down from 3.0% yoy, matched expectations. PPI input was at -1.4% mom, -0.3% yoy, versus expectation of -0.5% mom, 0.3% yoy. PPI output was at -0.1% mom, 1.6% yoy, versus expectation of 0.1% mom, 1.7% yoy. PPI output core was at 0.1% mom, 1.7% yoy, matched expectations.
In May, house price index rose 1.2% yoy, slowed from 1.5% yoy, versus expectation of 1.3% yoy.
GBP/CHF’s broke 1.2297 support yesterday and resumed down trend from1.3854. Further fall should be seen to 100% projection of 1.3854 to 1.2297 from 1.3399 at 1.1842 in medium term.
