UK CPI rises 0.4% YoY in Feb vs. +0.8% expected. Monthly UK CPI arrives at +0.1% in Feb vs. +0.5% expected. GBP/USD remains unfazed by the downbeat data but defends 1.3700. The UK Consumer Prices Index (CPI) 12-month rate came in at +0.4% in February when compared to +0.7% booked in January while missing expectations of a +0.8% print, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) dropped to +0.9% YoY last month versus +1.4% booked in January, missing the consensus forecast of +1.4% by a big margin. The monthly figures showed that the UK consumer prices arrived at +0.1% in February vs. +0.5% expectations and -0.2% prior. Main points (via ONS): “The largest upward contribution to the CPIH 12-month inflation rate came from transport (0.30 percentage points).” “Falling prices for clothing, second-hand cars, and games, toys and hobbies resulted in the largest downward contributions to the change in the CPIH 12-month inflation rate between January and February 2021.” “These were partially offset by large upward contributions from rising prices for motor fuels, and housing and household services overall.” FX implications: Following the downbeat UK CPI numbers, the GBP/USD pair held onto its losses above 1.3700 amid a broadly firmer US dollar. The spot was last seen trading at 1.3710, down 0.29% on a daily basis. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY faces extra consolidation within 108.20-109.50 – UOB FX Street 1 year UK CPI rises 0.4% YoY in Feb vs. +0.8% expected. Monthly UK CPI arrives at +0.1% in Feb vs. +0.5% expected. GBP/USD remains unfazed by the downbeat data but defends 1.3700. The UK Consumer Prices Index (CPI) 12-month rate came in at +0.4% in February when compared to +0.7% booked in January while missing expectations of a +0.8% print, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) dropped to +0.9% YoY last month versus +1.4% booked in January, missing the consensus forecast of +1.4% by a… Regulated 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.