The British Pound appreciated against the US Dollar, following the UK CPI data release on Wednesday at 06:00 GMT. The GBP/USD exchange currency rate gained 69 pips or 0.53% after the release. The Pound continued trading at the 1.3040 level against the Greenback after the release.
The Office for National Statistics released the UK CPI data, which came out better-than-expected of 0.5% compared with the forecast of 0.4%.
According to the official release: "The largest contribution to the CPIH 12-month inflation rate in September 2020 came from recreation and culture (0.31 percentage points). Transport costs, and restaurant and café prices, following the end of the Eat Out to Help Out scheme, made the largest upward contributions (of 0.23 and 0.21 percentage points, respectively) to the change in the CPIH 12-month inflation rate between August and September 2020."
| Date | 17.06.20 | 15.07.20 | 19.08.20 | 16.09.20 | 21.10.20 |
|---|---|---|---|---|---|
| Actual | 0.5% | 0.6% | 1.0% | 0.2% | 0.5% |
| Forecast | 0.5% | 0.4% | 0.6% | 0.1% | 0.4% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.91294 | 0.91102 | -0.21% |
| GBP/CAD | 1.69989 | 1.7051 | 0.31% |
| GBP/JPY | 136.65800 | 136.725 | 0.05% |
| GBP/USD | 1.29783 | 1.30064 | 0.22% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 52.6% | 47.4% |
| GBP/CAD | 73.7% | 26.3% |
| GBP/JPY | 48.8% | 51.2% |
| GBP/USD | 50.5% | 49.5% |
Economic calendar