United Kingdom’s CPI up by 4.5%

Tuesday, 13 September 2011 02:01

Change in the price of goods and services purchased by consumers came out earlier today in the United Kingdom (also known as Consumer Price Index) with results in line of expectations; forecast rallied CPI to be released at 4.5%, a little higher than previous 4.4%; prediction was right as U.K CPI did rise to 4.5%.

EURGBP was trading at 0.8603 in time of the announcement.  After the release, the pair begun to rise and reached 0.8626 then fell to its prior-news trading at 0.8603. 

Currently, EURGBP has picked up pace again and is trading at 0.8622 with hourly trends pointing a positive upwards attitude; contrary to the downwards trend of the daily chart.