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The UK CPI and RPI data release this morning has shown us the change in price of goods and services Year on Year. CPI and RPI are attempts to estimate inflation in the UK, they are measured on slightly different goods and services so they often have slighlty different figures.

Consumer Price Index – The government base their inflation targets on this.

Retail Price Index – This is the better known figure in the UK mainly due to the fact Unions use this a benchmark foragreeing pay settlements.

The figures released this morning showed that inflation was under target, thus meaning interest rates will be staying lower, leaving the pound a much less interesting proposition for investors within the UK. The pound has actually lost ground against many currencies today. For example GBP/Euro is down 1.07 % form the start of the day.

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