18 Nov 2014
EUR/GBP reaches 1-month high despite UK CPI
FXStreet (Córdoba) - EUR/GBP gathered momentum and pushed to fresh daily highs despite in line with expectations UK consumer price index.
Inflation in the UK picked up slightly in October and rose to an annual 1.3%, matching expectations. Meanwhile, core CPI rose 1.5% versus 1.6% forecasted. However, figures helped to ease concerns inflation would fall further below the BoE's 2% target.
EUR/GBP surpassed yesterday's high and reached a fresh 1-month peak of 0.8007 in recent dealings. Despite data was GBP-supportive, the move came in line with an euro advance across the board.
Inflation in the UK picked up slightly in October and rose to an annual 1.3%, matching expectations. Meanwhile, core CPI rose 1.5% versus 1.6% forecasted. However, figures helped to ease concerns inflation would fall further below the BoE's 2% target.
EUR/GBP surpassed yesterday's high and reached a fresh 1-month peak of 0.8007 in recent dealings. Despite data was GBP-supportive, the move came in line with an euro advance across the board.