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UK CPI inflation rose to 3% year on year in January, above the 2.8% consensus, though monthly inflation fell to -0.1%. Core inflation was 3.7% and services inflation rose to 5%.
Sterling held above $1.26 after the release.
Sticky services inflation reduces the chance of rapid Bank of England easing, which supports sterling. The price effect on feed commodities is negligible.
fxstreet.comFXStreet TeamFeb 19, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
