17 Feb 2021
UK annualized CPI beats estimates with 0.7% in Jan, GBP/USD stays below 1.39
- UK CPI rises 0.7% YoY in Jan vs. +0.5% expected.
- Monthly UK CPI arrives at -0.2% in Jan vs. -0.4% expected.
- GBP/USD remains depressed below 1.3900 on the UK CPI release.
The UK Consumer Prices Index (CPI) 12-month rate came in at +0.7% in January when compared to +0.6% booked in December while beating expectations of a +0.5% print, the UK Office for National Statistics (ONS) reported on Wednesday.
more to come ...