U.K. Consumer Price Index (YoY) For August 6.7% Vs. 7% Est.; 6.8% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Consumer Price Index (CPI) for August was reported at 6.7%, slightly below the estimated 7% and the prior figure of 6.8%.
September 20, 2023 | 6:00 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The lower than expected U.K. CPI may impact the iShares MSCI United Kingdom ETF (EWU), as it reflects the economic conditions in the U.K.
The U.K. CPI is a key economic indicator that can influence the performance of U.K.-related ETFs like EWU. A lower than expected CPI may suggest slower economic growth, which could negatively impact the ETF in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80