When is the UK inflation data and how could it affect GBP/USD?

When is the UK inflation data and how could it affect GBP/USD? – by anilpanchal7 UnitedKingdom Inflation GBPUSD Events RiskAppetite

Given the recently released mixed employment data, coupled with the firmer economic activity numbers and the doubts over the Bank of England’s next moves, today’s British inflation data will be watched closely by the GBP/USD traders. Also increasing importance for today’s inflation numbers is the existence of the BOE’s monetary policy meeting on Thursday.

Also important to watch is the Retail Price Index figures for November, expected to ease to 0.5% MoM and 13.8% YoY versus 2.5% and 14.2% in that order.The November CPI report should reflect an easing in headline inflation pressures but core inflation will likely remain elevated .Readers can find FXStreet's proprietary deviation impact map of the event below.

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