The British Pound traded depreciated against the US Dollar, following the UK CPI data release on Wednesday at 08:30 GMT. The GBP/USD exchange currency rate lost 11 pips or 0.09% right after the release. The British Pound continued trading at the 1.1240 level against the Greenback.
The Office for National Statistics released the UK CPI data, which came out in line with the expectations of 2.0%.
According to the official release: "The largest downward contributions to change in the 12-month rate between May and June 2019 came from motor fuels, accommodation services and electricity, gas and other fuels, with prices in each category falling between May and June 2019 compared with price rises between the same two months a year ago."
| Date | 13.02.19 | 17.04.19 | 22.05.19 | 19.06.19 | 17.07.19 |
|---|---|---|---|---|---|
| Actual | 1.8% | 1.9% | 2.1% | 2.0% | 2.0% |
| Forecast | 1.9% | 2.0% | 2.2% | 2.0% | 2.0% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.90366 | 0.90406 | 0.04% |
| GBP/CAD | 1.62085 | 1.61957 | -0.08% |
| GBP/JPY | 134.38100 | 134.294 | -0.06% |
| GBP/USD | 1.24106 | 1.24022 | -0.07% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 25.4% | 74.6% |
| GBP/CAD | 74.2% | 25.8% |
| GBP/JPY | 74.1% | 25.9% |
| GBP/USD | 73.9% | 26.1% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 1:30 | AUD | Employment Change | 9.1K | 42.3K |
| 1:30 | AUD | Unemployment Rate | 5.2% | 5.2% |
| 8:30 | GBP | Retail Sales m/m | -0.3% | -0.5% |