Low impact
UK September CPI month-on-month came in at 0.4%, below the 0.5% previous reading and above the 0.3% estimate.
FirstSquawk10/21, 01:04 PM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
GBP
Pushes up
DaysMedium confidence
Hotter headline, core and services CPI keeps BoE tightening expectations intact, supporting the pound.
What could change this
A slower month-on-month pace (0.4% versus 0.5% prior) could soften the hawkish read if it continues in future releases.
GBP/USD before and after this story
1.3378-0.17%vs previous close
+0.06%
since this story
Measured from the price when this story was posted to the latest stored price, so it can lag the live price.
This story
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UK Services PMI for October rose to 53.1, above the 51.8 expected.