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GBP/USD battles 1.3800 after UK CPI misses estimates with 3.1% YoY in September


The UK Consumer Prices Index (CPI) 12-month fee got here in at +3.1% in September when in contrast to +3.2% recorded in August whilst lacking expectations of a +3.2% print, the UK Office for National Statistics (ONS) mentioned on Wednesday.

Meanwhile, the core inflation gauge (excluding unstable meals and strength items) fell to 2.9% YoY remaining month versus 3.1% registered in August, falling quick of the consensus forecast of 3.0%.

The month-to-month figures confirmed that the UK client fees arrived at 0.3% in September vs. 0.4% expectations and 0.7% prior.

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