The British Pound depreciated against the US Dollar, following the UK CPI data release on Wednesday at 09:30 GMT. The GBP/USD exchange currency rate lost 31 pips or 0.24% right after the release. The British Pound continued trading at the 1.2995 level against the Greenback.
The Office for National Statistics released the UK CPI data, which came out worse-than-expected of 1.3% compared with the forecast of 1.5%.
According to the official release: "The largest contribution to the CPIH 12-month inflation rate in December 2019 came from housing, water, electricity, gas and other fuels (+0.36 percentage points). The largest downward contributions to the change in the CPIH 12-month inflation rate between November and December 2019 came from accommodation services and clothing."
| Date | 18.09.19 | 16.10.19 | 13.11.19 | 18.12.19 | 15.01.20 |
|---|---|---|---|---|---|
| Actual | 1.7% | 1.7% | 1.5% | 1.5% | 1.3% |
| Forecast | 1.8% | 1.8% | 1.6% | 1.4% | 1.5% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.85534 | 0.85694 | 0.19% |
| GBP/CAD | 1.70237 | 1.69912 | -0.19% |
| GBP/JPY | 143.02400 | 142.763 | -0.18% |
| GBP/USD | 1.30165 | 1.29912 | -0.19% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 73.1% | 26.9% |
| GBP/CAD | 37.0% | 63.0% |
| GBP/JPY | 31.8% | 68.2% |
| GBP/USD | 26.7% | 73.3% |
Economic calendar