FXstreet.com (Barcelona) - Consumer prices index rose 0.4% in the UK in August and went 1.6% higher since August last year, somewhat above the 0.3% monthly and 1.4% yearly increase expected by the markets. Excluding food and energy, the Core CPI was 0.6% up on the month, and 1.8% up year on year.

The Sterling spiked up from levels around 1.6630 to hit a session high at 1.6660 immediately after inflation data was released, and the Pound returned to 1.6630/35 where it lies at the time of writing.

Resistance levels lie at 1.6660 intra-day high, and above here, 1.6690/00 (Sept 10 high) and 1.6740 (Sept 11 high). On nthe downside, the Pound found support recently at 1.6590/00, below there, next support levels could be 1.6540 and 1.6520.