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UK CPI Ticks Higher To 2.5% In June

Wednesday, August 15 – London Session Recap

During today’s London session, the main event was the UK’s July inflation report. CPI was overall in line with expectations with just a marginal miss on Core CPI M/M.

CPI Y/Y ticked higher to 2.5% from 2.4% in June while Core CPI Y/Y remained unchanged at 1.9%. CPI M/M printed flat at 0.0% while Core CPI M/M printed at -0.1% versus market consensus of 0.0%.

Considering the data was overall as expected, GBP remained little changed following the release. As such, GBPUSD has traded sideways from yesterday’s decline, hovering just above the 1.27 handle.

For additional research, we’ve posted news articles from around the web below.

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