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The British Pound weakened against the Greenback, following the UK Consumer Price Index data release on Wednesday. The GBP/USD currency pair lost 80 pips, or 0.56%, to continue fluctuating in the 1.4184 area.
The Office for National Statistics released Consumer Price Index data that came out lower-than-expected. The UK inflation rate came out to be 2.5% for the period of March, which was short of 0.2% from the economists forecast, which coincided together with 2.7% inflation rate over the month of February.
| Historical Data Table: UK CPI y/y | Economic Calendar for 18.04.2018 | ||||||||
| Date | 12.12.2017 | 16.01.2018 | 13.02.2018 | 20.03.2018 | 18.04.2018 | 2:00 PM | CAD Overnight Rate | ||
| Actual | 3.10% | 3.00% | 3.00% | 2.70% | 2.50% | 2:30 PM | UK Crude Oil Inventories | ||
| Forecast | 3.00% | 3.00% | 2.90% | 2.80% | 2.70% | 10:45 PM | NZD CPI q/q | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.4276 | 1.41935 | -0.58% | GBP/USD | 43.13% | 56.87% | |||
| EUR/GBP | 0.86624 | 0.87093 | 0.54% | EUR/GBP | 45.53% | 54.47% | |||
| GBP/CAD | 1.79626 | 1.78698 | -0.52% | GBP/CAD | 26.07% | 73.93% | |||
| GBP/JPY | 153.22 | 152.275 | -0.62% | GBP/JPY | 36.55% | 63.45% | |||