However the difference, the data shows growth in CPI, which can be beneficial for the GBP in short term period.
The information will cause only short term volatility, as focus is set on Theresa May's speech at 11:45 UK time.
The weakness of USD will be translated in GBP/USD grow.
The CPI index measures the changes in commodity prices and services for the consumers. It is the main way to measure changes in purchasing trends and inflation.
CPI (y/y)
Previous rate: 1.2%
Forecast: 1.4%
Actual: 1.6%
CPI (m/m)
Previous rate: 0.2%
Forecast: 0.3%
Actual: 0.5%
Core CPI (y/y)
Previous rate:1.4%
Forecast: 1.5%
Actual: 1.6%
PPI Core output (MoM): 0, forecast 0.2
PPI Core output (YoY): 2.1, forecast 2.2
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