News Headline Summary

UK CPI (Oct) Y/Y 2.7% vs. Exp. 2.4% (Prev. 2.2%), highest since May

- CPI (Oct) M/M 0.5% vs. Exp. 0.2% (Prev. 0.4%)
- Core CPI (Oct) Y/Y 2.6% vs. Exp. 2.2% (Prev. 2.1%)

Update details:

- University fees increase main contributor to CPI rise.

Reaction details:

- In an immediate reaction, GBP/USD spiked up from 1.5887 to 1.5905, Dec-Gilts fell from 120.59 to 120.44 and Short-Sterling strip under pressure after data was released.

Print 09:30, 13 Nov 2012 - UK Data - Source: Newswires