Correlation Analysis
U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate vs Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for United Kingdom
DEXUSUK vs GBRCPIALLMINMEI
-0.721
Strong inverse
When one moves up, the other tends to move down.
AI Analysis
The strong negative correlation between DEXUSUK and GBRCPIALLMINMEI indicates that as one series rises, the other tends to fall, suggesting an inverse relationship between these economic indicators. With over half of the periods showing aligned movements, this pattern can be useful for investors and economists in predicting trends; however, the timing of the relationship is crucial since they tend to move in sync rather than one leading the other. It's also important to consider that correlation does not imply causation, and external factors could influence both series, so further analysis is necessary before drawing definitive conclusions.
Timing Offset
in sync
DEXUSUK and GBRCPIALLMINMEI tend to move at the same time.
Correlation at each lag offset (periods). Peak marked with dot.
Peak correlation at offset: -0.712 (13 lags scanned)
R-Squared
50.7%
Share of variance in one series explained by the other.
Trend Agreement
51.4%
How often both series moved in the same direction period-to-period.
Overlap Quality
651
Robust shared window — 651 usable pairs.
Significance
p < 0.001
95% CI: [-0.843, -0.501] (approximate)
Time Series
Rebased to 100
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
651 paired observations survived the monthly window.
Raw input
13,850
843
Normalized
13,850
843
Prepared
663
843
Aligned
651
651
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
204
A: 12 / B: 192
Series A
DEXUSUK
U.S. Dollars to U.K. Pound Sterling Spot Exchange Rate
FRED · 13,850 raw → 663 prepared
Series B
GBRCPIALLMINMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for United Kingdom
FRED · 843 raw → 843 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-75.4657
Linear regression slope.
Intercept
195.1321
Linear regression intercept.
Saved 13 hours ago · ID: fred-dexusuk-vs-fred-gbrcpiallminmei-monthly-20260406-20rat1