UK’s CPI came out at 2.2% from the previous 2.3%. A drop to 1.9% was forecast.
UK’s RPI came out at -1.1% from the previous -1.2%. A drop to -1.5% was forecast.
UK’s Core CPI came out at 1.6% from the previous 1.5%. No change from 1.5% was forecast.
The GBP strengthened behind this data as the GBPUSD hit a session high while the EURGBP hit session lows.
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