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Last minute! United Kingdom: Inflation softens to 3.2% in March compared to 3.1% expected

  • UK CPI rose 3.2% year-on-year in March versus 3.1% estimated.
  • British inflation stabilized at 0.6% monthly in March.
  • GBP/USD jumps towards 1.2450 after UK CPI inflation data.

He UK Consumer Price Index (CPI) rose at an annual rate of 3.2% in March, more slowly than the 3.4% rebound recorded in February, data released by the Office for National Statistics (ONS) showed on Wednesday. The data exceeded market expectations, which expected an increase of 3.1% in the period analyzed.

The core CPI (excluding food and energy) accelerated 4.2% annually in March, compared to 4.5% in February, and exceeded the 4.1% forecast.

For its part, the UK Consumer Price Index increased by 0.6% monthly in March, at the same pace as in February.

GBP/USD Reaction to UK CPI Inflation Data

GBP/USD rose to test 1.2450 in an immediate reaction to the UK CPI data, before quickly retreating to near 1.2430, where it now falters. The pair advances 0.05% on the day.

GBP/USD: 15-minute chart

Pound sterling quote today

Below is the percentage change of the British Pound (GBP) against the main currencies listed today. The British Pound appreciated against the Australian Dollar.

USD EUR GBP CAD AUD JPY NZD CHF
USD 0.12% -0.01% 0.11% 0.13% -0.04% -0.07% 0.07%
EUR -0.11% -0.12% 0.00% 0.02% -0.17% -0.21% -0.05%
GBP 0.00% 0.11% 0.11% 0.14% -0.05% -0.06% 0.07%
CAD -0.10% 0.02% -0.11% 0.04% -0.15% -0.19% -0.04%
AUD -0.15% -0.02% -0.14% -0.02% -0.18% -0.23% -0.07%
JPY 0.04% 0.15% 0.03% 0.16% 0.15% -0.06% 0.12%
NZD 0.10% 0.16% 0.07% 0.17% 0.19% 0.04% 0.13%
CHF -0.06% 0.05% -0.07% 0.05% 0.07% -0.11% -0.14%

The heat map shows the percentage changes of the major currencies against each other. The base currency is chosen in the left column, while the quote currency is chosen in the top row. For example, if you choose the Euro in the left column and scroll down the horizontal line to the Japanese Yen, the percentage change that appears in the box will represent EUR (base)/JPY (quote).

Source: Fx Street

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