BREAKING: CPI from UK slightly lower than expected. GBPUSD loses

October's inflation data from UK

Inflation CPI from the United Kingdom came in 4.6% y/y vs 4.7% y/y exp. and 6.7% previously (MoM 0% vs 0.1% MoM exp. and 0.5% previously)

• Core CPI inflation from UK came in also lower: 5.7% vs 5.8% exp. and 6.1 % previously
• UK RPI: -0.2% vs 0.1% exp and 0.5% previously
• UK PPI Output prices: -0.6% vs -1% exp. and -0.1% previously (MoM: 0.1% vs 0.1% exp. and 0.5% previously)
• UK PPI Input prices: -2.6% vs -3.3% exp. and -2.6% previously (MoM: 0.4% vs 0.2% exp. and 0.4% previously)

The British pound sterling weakened after slightly lower than expected inflation reading. Yesterday rally was strongly supported by weakening American dollar. Today GBPUSD loses 0.12%.

Source: xStation5