- 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.
more to come …