News Headline Summary

UK CPI (Nov) Y/Y 2.7% vs. Exp. 2.7% (Prev. 2.7%)

- UK CPI (Nov) M/M 0.2% vs. Exp. 0.2% (Prev. 0.5%)
- UK Core CPI (Nov) Y/Y 2.6% vs. Exp. 2.7% (Prev. 2.6%)

Reaction details (09:39)

- No reaction seen in GBP/USD, short-sterling or gilts following the data release as was in-line with expectations.
- Volumes are also light in Europe as many market participants are winding up for the year.

Analysis details (09:34)

- ONS says largest upward contributors to CPI from food and housing. Biggest downward pressures from transport and furniture.

18 Dec 2012 - 09:30 - Fixed Income Data - Source: Newswires

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