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- The United Kingdom’s annual CPI rose 2.6% in March vs. 2.7% anticipated.
- British inflation ticked down to 0.3% MoM in March vs. a 0.4% estimate.
- GBP/USD holds gains above 1.3250 after UK CPI inflation data.
The United Kingdom (UK) annual headline Consumer Price Index (CPI) rose 2.6% in March after increasing 2.8% in February, the data released by the Office for National Statistics (ONS) showed on Wednesday.
The market expectations was for a 2.7% growth in the reported period. The reading remained well above the Bank of England’s (BoE) 2% target.
The core CPI (excluding volatile food and energy items) increased 3.4% year-over-year (YoY) in the same period, compared to a 3.5% acceleration in February, aligning with the market forecast of 3.4%.
Services inflation stayed at 5% YoY in March.
Meanwhile, the monthly UK CPI inflation edged lower to 0.3% in March from 0.4% in February. Markets predicted a 0.4% reading.
GBP/USD reaction to the UK CPI inflation data
The UK CPI data fail to provide a further boost to the Pound Sterling, with GBP/USD trading 0.38% higher on the day at 1.3270, 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 strongest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.76% | -0.31% | -0.70% | -0.20% | -0.33% | -0.37% | -1.19% | |
| EUR | 0.76% | 0.48% | 0.08% | 0.55% | 0.67% | 0.41% | -0.42% | |
| GBP | 0.31% | -0.48% | -0.42% | 0.09% | 0.20% | -0.07% | -0.84% | |
| JPY | 0.70% | -0.08% | 0.42% | 0.51% | 0.70% | 0.40% | -0.51% | |
| CAD | 0.20% | -0.55% | -0.09% | -0.51% | 0.15% | -0.16% | -0.92% | |
| AUD | 0.33% | -0.67% | -0.20% | -0.70% | -0.15% | -0.29% | -1.01% | |
| NZD | 0.37% | -0.41% | 0.07% | -0.40% | 0.16% | 0.29% | -0.77% | |
| CHF | 1.19% | 0.42% | 0.84% | 0.51% | 0.92% | 1.01% | 0.77% |
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).
