The British Pound appreciated against the US Dollar, following the UK CPI release on Wednesday at 09:30 GMT. The GBP/USD exchange currency rate gained 22 pips or 0.17% after the release. The Pound continued trading at the 1.3020 level against the Greenback after the release.
The Office for National Statistics released the UK CPI data, which came out better-than-expected of 1.8% compared with the forecast of 1.6%.
According to the official release: "The largest upward contributions to the change in the CPIH 12-month inflation rate between December 2019 and January 2020 came from gas and electricity prices; fuels and lubricants; clothing; and airfares."
| Date | 16.10.19 | 13.11.19 | 18.12.19 | 15.01.20 | 19.02.20 |
|---|---|---|---|---|---|
| Actual | 1.7% | 1.5% | 1.5% | 1.3% | 1.8% |
| Forecast | 1.8% | 1.6% | 1.4% | 1.5% | 1.6% |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/GBP | 0.83192 | 0.83115 | -0.09% |
| GBP/CAD | 1.71899 | 1.72011 | 0.07% |
| GBP/JPY | 143.20600 | 143.304 | 0.07% |
| GBP/USD | 1.2987 | 1.29997 | 0.10% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/GBP | 62.1% | 37.9% |
| GBP/CAD | 39.3% | 60.7% |
| GBP/JPY | 56.3% | 43.7% |
| GBP/USD | 51.3% | 48.7% |
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