Latest Retail Price Index now out

  • +0.1% prev
  • yy +1.2% vs +1.1% exp/prev
  • ex- mortgage payments yy +1.3% vs +1.1% exp/prev
  • HPI yy+7.7% vs +7.05 prev

Better than expected along with CPI see the pound get a lift

GBPUSD 1.4342 but stalling into the 1.4350 offers/res

EURGBP 0.7583 near support/demand

Market clutching onto the merest hint of inflation but there's a long way to go and there's Carney at 12.00 GMT so rallies should be limited.