BREAKING: UK inflation data slightly lower than expected 🔔

07:00 AM GMT, United Kingdom - Inflation Data for January:

• CPI: actual 4.0% YoY; forecast 4.1% YoY; previous 4.0% YoY;
• CPI: actual -0.6% MoM; forecast -0.3% MoM; previous 0.4% MoM;
• Core CPI: actual -0.9% MoM; forecast -0.8% MoM; previous 0.6% MoM;
• Core CPI: actual 5.1% YoY; forecast 5.2% YoY; previous 5.1% YoY;
• Core PPI Output: actual 0.2% MoM; previous -0.1% MoM;
• Core PPI Output: actual -0.4% YoY; previous 0.1% YoY;

The report showed lower year-on-year price growth compared to analysts' expectations. Shortly after the publication, the British pound weakened in a dynamic downward movement on the GBPUSD pair. As can be seen, this is the second such move after yesterday's CPI data publication, where the reason for the fall was the sharp strengthening of the dollar.

Source: xStation 5