• Prior 1.5%
  • +0.2% vs -0.1% exp m/m. Prior -0.1%
  • Core CPI 2.0% vs 1.7% exp y/y. Prior 1.6%
  • 0.2% vs 0.0% prior m/m
  • RPI 0.2% vs 0.0% exp m/m. Prior 0.1%
  • 2.6% vs 2.5% exp y/y. Prior 2.4%
  • RPI ex financials 0.2% vs 0.1% prior m/m
  • 2.7% vs 2.5% prior y/y

Big big jump in inflation, especially the core. GBP/USD rockets 55 pips to 1.7135 from 1.7080

Clothing, +0.6% from -0.1% prior, Transport +0.6% vs -0.7% prior the biggest risers.

UK CPI 15 07 2014

UK CPI 15 07 2014

Cable now up to resistance at 1.7145. If that goes we could be having a swift look at 1.7200

UK Core CPI 15 07 2014

UK Core CPI 15 07 2014