The British Pound traded sideways against the US Dollar, following the UK CPI data release on Wednesday at 06:00 GMT. The GBP/USD exchange currency rate lost 7 pips or 0.06% after the release. The Pound continued trading at the 1.2320 level against the Greenback after the release.
The Office for National Statistics released the UK CPI data, which came out in line with the expectations of 1.5%.
According to the official release: "The largest contribution to the CPIH 12-month inflation rate in March 2020 came from housing, water, electricity, gas and other fuels (0.51 percentage points). Falls in the price of motor fuels and clothing resulted in the largest downward contributions to the change in the CPIH 12-month inflation rate between February and March 2020."
| Date | 18.12.19 | 15.01.20 | 19.02.20 | 25.03.20 | 22.04.20 |
|---|---|---|---|---|---|
| Actual | 1.5% | 1.3% | 1.8% | 1.7% | 1.5% |
| Forecast | 1.4% | 1.5% | 1.6% | 1.7% | 1.5% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.8829 | 0.88302 | 0.01% |
| GBP/CAD | 1.74643 | 1.74796 | 0.09% |
| GBP/JPY | 132.31700 | 132.231 | -0.06% |
| GBP/USD | 1.22984 | 1.22913 | -0.06% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 43.7% | 56.3% |
| GBP/CAD | 36.6% | 63.4% |
| GBP/JPY | 54.1% | 45.9% |
| GBP/USD | 47.8% | 52.2% |
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