UK CPI holds steady at 1.7% YoY rate in September vs. 1.8% expected – GBP/USD moves little

• UK headline CPI eases more-than-expected to +0.1% in September.
• Yearly rate holds steady at 1.7% as against an uptick to 1.8% expected.

The UK Consumer Prices Index (CPI) 12-month rate matched previous month's reading and held steady at 1.7% in September as compared to a modest uptick to 1.8% estimates, the UK Office for National Statistics (ONS) reported this Wednesday.
 
Conversely, the core inflation gauge (excluding volatile food and energy items) arrived at 1.7% YoY during the reported month, up from 1.5% recorded in August and matched consensus forecast.
 
Meanwhile, the monthly figures showed that the UK consumer prices rose 0.1% in September, worse than the previous month’s rise of 0.4% and also missed market expectations pointing to a reading of 0.2%.
 
Given that the incoming Brexit headlines have been acting as an exclusive driver of the broader market sentiment surrounding the British Pound, Wednesday’s softer UK inflation figures did little to provide any meaningful impetus to the GBP/USD pair.