BREAKING: UK CPI higher than expected. GBPUSD reacts

UK CPI (for March) came in 3.2% YoY vs 3.1% exp and 3.4% previously (0.6% MoM vs 0.4% exp.)
UK core CPI (for March) came in 4.2% YoY vs 4.1% exp. vs 4.5% previously (0.6% MoM vs 0.6% previously)
UK RPI MoM came in 0.5% vs 0.4% exp and 0.8% previously
UK PPI Output prices YoY were in line with expectations: 0.6% vs 0.6% exp. and 0.4% previously
OK PPI Output prices MoM came in slightly lower at 0.2% vs 0.3% exp. and 0.3% previously

GBP strengthened after UK data, however, readings were only little higher than anticipated. A strong resistance zone on GBPUSD is set near 1.25 level.

Source: xStation5

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