UK: Annual CPI rises to 1.9% in June

FXStreet (Łódź) - According to data released today by National Statistics, UK annual inflation rose 1.9% in June, following 1.5% growth registered the previous month. Analysts expected less increase to 1.6%. On a monthly basis UK CPI edged up 0.2% in June, after sliding 0.1% in May, against forecasts of -0.1%

Core CPI rose 2.0% in June, up from 1.6% in May and above expectations of +1.7%.

GBP/USD passed the CPI test, Labor is on tap

GBP/USD bounced from 1.7058 low before the release of the CPI data, and moved to 1.7139 right after.
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EUR/GBP tumbles after UK CPI beats expectations

The EUR/GBP tumbled to fresh lows lows as the pound strengthened sharply following the release of better-than-expected UK inflation data.
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