UK CPI inflation climbs to 2.6% YoY in November, as expected
|- United Kingdom's annual CPI jumped 2.6% in November vs. 2.6% forecast.
- British inflation eased to 0.1% MoM in November vs. 0.1% aniticpated.
- GBP/USD keeps range near 1.2700 after UK CPI inflation data.
The United Kingdom (UK) Consumer Price Index (CPI) edged higher by 2.6% on a yearly basis in November after recording a 2.3% growth in October, according to the data released by the Office for National Statistics (ONS) on Wednesday.
Data aligned with the market forecast of 2.6% and stayed well above the Bank of England’s (BoE) 2.0% target.
Core CPI (excluding volatile food and energy items) rose by 3.5% YoY in November, compared to a 3.3% increase in October while missing the market consensus of 3.6%. Services inflation stayed unchanged at 5.0% YoY in November.
Meanwhile, the UK Consumer Price Index came in at 0.1% MoM in November, following a 0.6% acceleration in October. Markets expected a 0.1% print in the reported month.
GBP/USD reaction to the UK CPI inflation data
The UK CPI data failed to impress the Pound Sterling, keeping GBP/USD ranging at around 1.2700. The pair is trading 0.06% lower on the day, as of writing.
British Pound PRICE Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest against the Euro.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.22% | 0.04% | -0.05% | 0.10% | 0.24% | 0.12% | -0.07% | |
| EUR | 0.22% | 0.26% | 0.16% | 0.32% | 0.46% | 0.34% | 0.15% | |
| GBP | -0.04% | -0.26% | -0.10% | 0.05% | 0.20% | 0.08% | -0.11% | |
| JPY | 0.05% | -0.16% | 0.10% | 0.13% | 0.28% | 0.15% | -0.03% | |
| CAD | -0.10% | -0.32% | -0.05% | -0.13% | 0.15% | 0.00% | -0.16% | |
| AUD | -0.24% | -0.46% | -0.20% | -0.28% | -0.15% | -0.13% | -0.31% | |
| NZD | -0.12% | -0.34% | -0.08% | -0.15% | -0.01% | 0.13% | -0.18% | |
| CHF | 0.07% | -0.15% | 0.11% | 0.03% | 0.16% | 0.31% | 0.18% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.