UK annualized CPI beats estimates with 0.6% in Dec, GBP/USD revisits highs

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  • UK CPI rises 0.6% YoY in Dec vs. +0.5% expected.
  • Monthly UK CPI arrives at +0.3% in Dec vs. +0.2% expected.
  • GBP/USD heads back towards daily highs of 1.3669 on the data release.

The UK Consumer Prices Index (CPI) 12-month rate came in at +0.6% in December when compared to +0.3% booked in November while beating expectations of a +0.5% print, the UK Office for National Statistics (ONS) reported on Wednesday. 

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