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UK: Annual CPI slows down to 1.6% in July

FXStreet (Łódź) - According to data released today by National Statistics, UK annual inflation rose 1.6% in July, following 1.9% growth registered the previous month. This result is below analysts' forecasts of +1.8%. On a monthly basis CPI fell 0.3%, after climbing 0.2%, below consensus of -0.2%.

Year-over-year Core CPI rose 1.8% in July, down from 2% in June.

United Kingdom Core Consumer Price Index (YoY): 1.8% (July) vs previous 2%

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GBP/USD killed by the CPI numbers – back to 1.6650

GBP/USD came under pressure before the UK CPI release reaching 1.6690 area and filling the Monday’s gap; it moved to 1.6638 low post data.
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