Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
16 November 2022 | Other

UK inflation soars to 11.1%, higher than expected

GBPUSD
EURGBP
GBPAUD
GBPCAD
GBPJPY

The inflation rate in the UK is currently 11.1%, the highest in more than 40 years. In this regard, the Bank of England feels the need to raise the interest rate once again.

The index unexpectedly rose above the forecasted level. Economists at the Bank of England predicted growth up to the level of 10.9%. The Office for National Statistics sees the reason for the rise of inflation in the increased prices for food, fuel and energy.

According to the ONS, the inflation rate didn’t rise even higher only due to the introduction of the Energy Price Guarantee, which was able to slightly reduce the rate of price increases last month. Without it, the inflation rate might have been 13.8%.

Company MarketCheese

Recommended

Japan. Retail Sales (YoY). The value of the indicator has decreased from 1.7% to 1%
25 December 2025
Japan. Unemployment Rate. The value of the indicator remained at the same level of 2.6%
25 December 2025
European Union. CFTC EUR speculative positions. The value of the indicator has increased from 138.8K to 144.9K
23 December 2025
Japan. CFTC JPY speculative net positions. The value of the indicator has decreased from 17.4K to -2.9K
23 December 2025
Australia. CFTC AUD speculative net positions. The value of the indicator has increased from -62.9K to -21.9K
23 December 2025
Top news
United States. GDP (QoQ). The value of the indicator has increased from 3.8% to 4.3%
23 December 2025
Japan. BoJ Interest Rate Decision. The value of the indicator has increased from 0.5% to 0.75%
19 December 2025
United States. CPI (YoY). The value of the indicator has decreased from 3% to 2.7%
18 December 2025
European Union. ECB Interest Rate Decision. The value of the indicator remained at the same level of 2.15%
18 December 2025
European Union. Deposit Facility Rate. The value of the indicator remained at the same level of 2%
18 December 2025
All news

Forecasts

Gold buy
Period: 31.01.2026 Expectation: 150 pips
Buying gold on dips with $4,500 target
FA Other Chart analysis
30 December 2025 89
Bruce_Powers
Tesla Inc sell
Period: 06.01.2026 Expectation: 2900 pips
Tesla stock selloff on forecasts of declining deliveries and earnings
TA Other Technical analysis FA Other Indicators Fundamental analysis
30 December 2025 51
Lyra_Moonwell1
AUDUSD buy
Period: 16.01.2026 Expectation: 1000 pips
AUDUSD is consolidating ahead of renewed upside
FA Other Indicators Chart analysis
30 December 2025 39
Tom_Kern
BTCUSD sell
Period: 06.01.2026 Expectation: 3125 pips
Selling BTCUSD due to lack of momentum after December consolidation
Technical analysis FA Other Indicators and reports Indicators Fundamental analysis
30 December 2025 27
Emily_Foster
S&P 500 buy
Period: 15.01.2026 Expectation: 100 pips
Investing in SPX from $6,870
Indicators and reports Chart analysis
30 December 2025 30
Bruce_Powers
Silver sell
Period: 09.01.2026 Expectation: 7500 pips
Silver rally stalls as prices push past $80
FA Other Indicators Chart analysis
29 December 2025 82
Tom_Kern
Go to forecasts