The UK's Consumer Price Index (CPI) rose by 2.6% year-on-year in November, matching market forecasts. Core CPI climbed to 3.5% YoY, while the monthly CPI inflation eased to 0.1%. GBP/USD remained relatively stable after the data release.
The United Kingdom's annual CPI jumped 2.6% in November, matching the market forecast . British inflation eased to 0.1% MoM in November, also in line with expectations. GBP/USD remained near 1.2700 following the release of the UK CPI inflation data. The UK Consumer Price Index ( CPI ) rose by 2.6% year-on-year in November, up from 2.3% growth in October, according to the Office for National Statistics (ONS). Core CPI (excluding volatile food and energy items) increased by 3.
5% YoY in November, compared to a 3.3% rise in October, missing the market consensus of 3.6%. The UK November Services CPI inflation remained unchanged at 5.0% YoY. Meanwhile, the UK Consumer Price Index came in at 0.1% MoM in November, following a 0.6% acceleration in October. Markets had anticipated a 0.1% print. GBP/USD showed a muted reaction to the data, trading around 1.2700. The pair was down 0.06% on the day. The table below shows the percentage change of British Pound (GBP) against listed major currencies today
UK Inflation CPI GBP/USD Bank Of England Market Forecast
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