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

Posted by Mr. Danish FX on Tue, 05/13/2008 - 4:34am in

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. 

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