The British Pound traded sideways against the US Dollar, following the UK CPI data release on Wednesday at 09:30 GMT. The GBP/USD exchange currency rate lost 7 pips or 0.05% right after the release. The British Pound continued trading at the 1.2850 level against the Greenback.
The Office for National Statistics released the UK CPI data, which came out worse-than-expected of 1.5% compared with the forecast of 1.6%.
According to the official release: "The largest downward contribution to change in the CPIH 12-month inflation rate, between September and October 2019, came from electricity, gas and other fuels as a result of changes to the energy price cap. Further downward contributions from furniture, household equipment and maintenance; and recreation and culture, were partially offset by rises in clothing and footwear prices."
| Date | 10.08.18 | 09.11.18 | 10.05.19 | 09.08.19 | 11.11.19 |
|---|---|---|---|---|---|
| Actual | 0.4% | 0.6% | 0.5% | -0.2% | 0.3% |
| Forecast | 0.4% | 0.6% | 0.5% | 0.0% | 0.4% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.86186 | 0.86166 | -0.02% |
| GBP/CAD | 1.69384 | 1.69334 | -0.03% |
| GBP/JPY | 139.59300 | 139.544 | -0.04% |
| GBP/USD | 1.28061 | 1.28027 | -0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 43.3% | 56.7% |
| GBP/CAD | 37.2% | 62.9% |
| GBP/JPY | 46.9% | 53.1% |
| GBP/USD | 37.7% | 62.3% |
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