The British Pound depreciated against the US Dollar, following the UK CPI data release on Wednesday at 8:30 GMT. The GBP/USD exchange currency rate lost 13 pips or 0.10% right after the release. The British Pound continued trading at the 1.3040 level against the US Dollar.
Office for National Statistics released the UK CPI data that came out worse-than-expected of 1.9% compared with the forecast of 2.0%.
According to experts, a change in the rate between February and March was caused by increased prices for motor fuels and clothing.
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| Date | 14.11.18 | 19.12.18 | 16.01.19 | 13.02.19 | 17.04.19 |
|---|---|---|---|---|---|
| Actual | 2.4% | 2.3% | 2.1% | 1.8% | 1.9% |
| Forecast | 2.5% | 2.3% | 2.1% | 1.9% | 2.0% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.86779 | 0.86781 | 0.00% |
| GBP/CAD | 1.73764 | 1.73679 | -0.05% |
| GBP/JPY | 146.18300 | 146.079 | -0.07% |
| GBP/USD | 1.30504 | 1.3044 | -0.05% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 45.1% | 54.9% |
| GBP/CAD | 55.9% | 44.1% |
| GBP/JPY | 35.7% | 64.3% |
| GBP/USD | 52.7% | 47.4% |
| GMT | Currency | Event | Forecast | Previous |
|---|---|---|---|---|
| 8:30 | GBP | Retail Sales m/m | -0.3% | 0.4% |
| 12:30 | CAD | Core Retail Sales m/m | 0.2% | 0.1% |
| 12:30 | USD | Core Retail Sales m/m | 0.7% | -0.4% |