• +0.2% prev
  • y/y +2.9% % vs 3.0% exp +2.7% prev
  • RPI m/m -0.1% vs +0.0% exp +0.2% prev
  • y/y +3.3% vs +3.4% exp +3.1% prev

CPI in below expectations and adds the possibility of a dovish stance from the BOE.

Biggest upward pressures to CPI from clothing & footwear and fuels. Inflation seen dropping on air transport and food prices

Cable falls to 1.5047.

EUR/GBP hits 0.8685