The UK CPI came out at a high 4.4% from the previous 3.8%.  This was forecast for a rise to 4.1%.

The Core CPI also came out above expectation at 1.9% from the previous 1.6%.  This was forecast at 1.7%

We saw the GBP initially make strong positive move across the board and firm up.  This knee-jerk reaction reversed very quickly as the GBP was dragged down lower than the levels before the release.