The Office for National Statistics released UK CPI data that came out better-than-expected of 1.9% compare with forecasted 1.8%.
Mike Hardie, head of inflation at the ONS, said: "The rate of inflation is stable, with a modest rise in food as well as alcohol and tobacco offset by clothing and footwear prices rising by less than they did a year ago."
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| Historical Data Table: CPI y/y | Economic Calendar for 21.03.2019 | ||||||||
| Date | 17.10.2018 | 14.11.2018 | 16.01.2019 | 13.02.2019 | 20.03.2019 | 9:30 AM | UK Retail Sales m/m | ||
| Actual | 2.40% | 2.40% | 2.10% | 1.80% | 1.90% | 12:00 PM | UK Official Bank Rate | ||
| Forecast | 2.60% | 2.50% | 2.10% | 1.90% | 1.80% | All Day | EU Economic Summit | ||
| Initial Reaction on Main Pairs | Open Position Proportions on 20.03.2019 | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.32328 | 1.3221 | -0.09% | GBP/USD | 35.75% | 64.25% | |||
| EUR/GBP | 0.85732 | 0.85827 | 0.11% | EUR/GBP | 68.53% | 31.47% | |||
| GBP/CAD | 1.76439 | 1.76289 | -0.09% | GBP/CAD | 29.99% | 70.01% | |||
| GBP/JPY | 147.672 | 147.525 | -0.10% | GBP/JPY | 26.01% | 73.99% | |||