UK CPI in line with expectations, limiting market moves — Tokyo FX

The story

The UK's year-on-year CPI was in line with market expectations, and the impact on the market, including services CPI, which is closely watched by the central bank, has reportedly remained quite limited.

GBP/USD traded around 1.3543 and briefly reached a new high of $1.3548 after the release.

This article was presented as a report by みんかぶ and covers developments in the FX market.

At a glance

Indicator: UK CPIUK CPI came in as expected, and its impact on the market is considered limited

Euro-dollar levelGBP/USD traded around 1.3543, reaching a new high for the day of 1.3548

Market toneThe prevailing view is that the market reaction was limited

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