Forex Trading News: Key UK Inflation Data Gives GBP a Big Boost

Mr. Danish FX — Tue, 13 May 2008 04:34:04 -0400

The CPI came out at 3.0% from the previous 2.5%. A slight rise to 2.6% was forecast

The Core CPI came out at 1.4% from the previous 1.2%. Again, a rise to 1.3% was forecast.

The DCLG House Price Index came out at 5.2% from the previous 6.7%. 4.5% was forecast for this release.

The GBP made some big gains across the board as the CPI data comes out at a 13 month high.

CPI/House Price Index