Wed, 20 Dec 2023 11:22:03 GMT
Pound plummets due to UK CPI
On Wednesday, at 07:00 GMT, the United Kingdom Office for National Statistics released the country's Consumer Price Index data. The event caused a major drop of the Pound against peer currencies.
The market consensus forecast was that inflation in the United Kingdom had declined from 4.6% to 4.3%. However, the actual inflation was even lower, as CPI had increased by