07:00 AM BST, United Kingdom - Inflation Data for August:
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CPI: actual 3.8% YoY; forecast 3.8% YoY; previous 3.8% YoY;
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CPI: actual 0.3% MoM; forecast 0.3% MoM; previous 0.1% MoM;
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Core CPI: actual 0.3% MoM; previous 0.2% MoM;
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Core CPI: actual 3.6% YoY; forecast 3.7% YoY; previous 3.8% YoY;
The latest UK CPI report came in line with market expectations, matching July’s inflation rate. The biggest upward pressure on prices continues to come from housing (6%), education (7.5%), communication services (6.1%) and food (5.1%). This was partially offset by slower price growth in transportation services—particularly airfares—as well as in restaurants and hotels.
A not-so-tragic reading did not trigger any excess volatiltiy in the GBPUSD, which corrected its previous hours' gains, while still holding above EMA30 on 1 hour interval.
Source: xStation5
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