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The British Pound weakened against the Greenback, following the UK CPI data release on Wednesday. The GBP/USD currency pair lost six pips, or 0.04%, to continue fluctuating in the 1.3319 area.
The Office for National Statistics released Consumer Price Index data that came out in line with a forecast of 2.4% in May, staying unchanged from the previous period.
"Partially offsetting downward effects came from price changes for games, domestic electricity, food and non-alcoholic beverages, and furniture and furnishings," said a representative from the Office for National Statistics.
| Historical Data Table: UK CPI y/y | Economic Calendar for 13.06.2018 | ||||||||
| Date | 13.02.2018 | 20.03.2018 | 18.04.2018 | 23.05.2018 | 13.06.2018 | 12:30 PM | US PPI m/m | ||
| Actual | 3.00% | 2.70% | 2.50% | 2.40% | 2.40% | 12:30 PM | US Core PPI m/m | ||
| Forecast | 2.90% | 2.80% | 2.70% | 2.50% | 2.40% | 2:30 PM | US Crude Oil Inventories | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| GBP/USD | 1.33312 | 1.33265 | -0.04% | GBP/USD | 67.08% | 32.92% | |||
| EUR/GBP | 0.88041 | 0.88071 | 0.03% | EUR/GBP | 26.23% | 73.77% | |||
| GBP/CAD | 1.73853 | 1.73818 | -0.02% | GBP/CAD | 68.47% | 31.53% | |||
| GBP/JPY | 147.536 | 147.478 | -0.04% | GBP/JPY | 34.30% | 65.70% | |||