No big surprises in the headline inflation numbers coming from Britain: 0% change y/y and +0.2% m/m. Also core CPI came in as expected at 1% y/y and the RPI beat with 1.1% instead of 0.9%.
Perhaps the lack of surprises puts the focus on the second tier RPI, and GBP/USD is on the rise. The pair above 1.5450, a gain of around 20 pips from previous levels.
Read the rest of the article UK inflation 0% as expected – GBP/USD ticks higher