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UK: Annual CPI rises 2.8% in February, as expected

FXstreet.com (Barcelona) - According to data released today by National Statistics, UK annual inflation rose 2.8% in February, following 2.7% growth registered the previous month. This result is in line with analysts' forecasts. On a monthly basis UK CPI climbed 0.7% in February, after falling 0.5% in January, as expected.

Year-over-year UK core CPI remained at 2.3% in February, against forecasts of rising 2.2%.

Forex: EUR/GBP falls on UK prices data

The big load of UK data for today made the EUR/GBP subject of a back and forth movement of 20 pips range, between 0.8566 and 0.8586. The cross is falling, below the lower band, on the publication of data. Currently it trades at 0.8560.
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