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UK May CPI +8.7% vs 8.4% y/y expected

UK May CPI +8.7% vs 8.4% y/y expected
Prior +8.7%Core CPI +7.1% vs +6.8% y/y expectedPrior +6.8%There is a slight delay to the data release but the pound is moving higher right off this initial headline. On the month, headline inflation increased by 0.7% and that is higher than the 0.5% estimated as well. Cable touched a high of 1.2802 from around 1.2765 coming into the report. This article was written by Justin Low at www.forexlive.com... Read More

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Posted: Jun 21 2023, 06:02
Author Name: forexlive
Views: 110660

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