UK May 2018 CPI and RPI data on 13.06.2018

  • prior 2.4%
  • CPI MoM 0.4% vs 0.4% exp, prior 0.4%
  • Core CPI YoY 2.1% vs 2.1% exp, prior 2.1%
  • May Retail Price index MoM 0.4% vs 0.4% exp, prior 0.5%
  • RPI YoY 3.3% vs 3.4% exp, prior 3.4%
  • Core RPI MoM 0.4% vs 0.5% exp, prior 0.5%
  • Core RPI YoY 3.4% vs prior 3.4%

Roughly as expected, continues to slowly come off as BOE projected. There’s a lot more overhanging than this CPI, RPI report politically but it takes another reason for which we could try to buy GBP off the table. More Parliamentary stuff today by the way as well.
GBP continues its heavy tone all morning. Next level 1.3300. Topside should now be contained to the 1.3350/60 ahead of FOMC later today


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