Britain’s Consumer Price Index hit an annual pace of 3% in April, the lowest since February 2010 and finally in the 1-3% target. The outcome is a bit under 3.1% that was expected and down from 3.5% last month. GBP/USD is dropping. Cable is now at 1.5774, down from nearly 1.5850 early in the day. 1.5730 was seen late last week and is the next target if things worsen. See more lines in the GBP/USD forecast. GBP USD Falling - Click image to enlarge Core CPI dropped from 2.5% to 2.1%, also lower than 2.2% that was expected. The Retail Price Index (RPI) slid from 3.6% to 3.5% as expected. The official House Price Index (HPI) for March unexpectedly dropped by 0.4% instead of rising by 0.5% as predicted, but this came on top of an upwards revision for last month’s data. The return of headline CPI to the target prevents BOE Governor Mervyn King from writing a public letter explaining inflation. The slower inflation goes hand in hand with the rather dovish inflation report last week. It certainly opens the door for more quantitative easing. The current Asset Purchase Facility stands on 325 billion pounds. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next German Inflation – A Substitute to an ECB Rate Cut Yohay Elam 10 years Britain's Consumer Price Index hit an annual pace of 3% in April, the lowest since February 2010 and finally in the 1-3% target. The outcome is a bit under 3.1% that was expected and down from 3.5% last month. GBP/USD is dropping. Cable is now at 1.5774, down from nearly 1.5850 early in the day. 1.5730 was seen late last week and is the next target if things worsen. See more lines in the GBP/USD forecast. [caption id="attachment_35728" align="alignright" width="400" caption="GBP USD Falling - Click image to enlarge"][/caption] Core CPI dropped from 2.5% to 2.1%, also lower than 2.2% that… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
