BREAKING: UK CPI in line with expectations. GBPUSD gains

UK CPI (for May) came in 2% YoY vs 2% exp. and 2.3% previously (0.3% MoM vs 0.4% exp. and 0.3% previously)

Core CPI came in 3.5% YoY vs 3.5% exp. and 3.9% previously (0.5% MoM vs 0.9% previously)

• UK PPI Output prices as for May came in1.7% in line with expectations vs 1.1% in April (-0.1% monthly decline vs 0.1% exp. and 0.2% previously)

• UK PPI Input prices came in -0.1% vs -0.2% exp. and -1.6% previously (0% monthly vs -0.3% exp. and 0.6% previously)

• UK retail price index came in 386.4 vs 387 exp. and 385 previously

Source: xStation5

Source: UK Office for National Statiscis, Bloomberg Finance L.P., XTB Research

Source: UK Office for National Statistics, Bloomberg Finance L.P., XTB Research