FXstreet.com (Barcelona) - The Sterling has reacted down after the September UK Consumer Price Index data. GBP/USD has broken 1.5730 support, GBP/JPY is trading at daily lows and EUR/GBP has jumped to 6-month high levels.
The Consumer Price index has remained unchanged between August and September, less than 0.3% increases expected by market and 0.5% monthly inflation posted in August. Yearly, UK CPI has slowdown in September to 1.1% from 1.6% posted at August. Market expectations were 1.3% yearly inflation.
Retail price index has posted 0.5% monthly increase in September, slightly lower than 0.5% posted in August. Year to Year, UK retail prices has declined 1.4% in September, following the August decline of 1.3%.
EUR/GBP has jumped more than 50 pips in the last hour to reach 0.9410 as 6-month high. GBP/JPY has broken down channel in the following minutes after the CPI data to hit 141.25 as fresh intra-day low. GBP/USD fell to break 1.5730 in the last hour to post 1.5715, lowest level since May 21.