British pound lowered below 1.5200 against US dollar on release of the crucial consumer price index data from UK today. GBP/USD pair reached 1.5171, currently sessions lowest value. Resistance levels were expected at 1.5255-1.5275, while the pair was likely to be supported at 1.5180-1.5160.
It was reported that Consumer Price Index (CPI) in UK slowed down its monthly rate to 0.2% during April, while estimates pointed and increase by 0.4%. CPI increased by 0.3% during previous month.
Annually, Consumer Price Index (CPI) in UK also registered a slower rate of increase to 2.4% during April, while forecasts showed a 2.6% jump. Consumer inflation rose by 2.8% during March 2013, compared to March 2012.
Another indicator released today was Retail Prices Index (RPI), which also decelerated during April by 0.3% monthly, mismatching forecasts of 0.5% increase, and the recorded previous period 0.4% increase. On annual basis retail prices rose by a slighter 2.9% rate during April, than the registered 3.3% rise during March.
Additionally, it became clear that Input Producer Price Index (PPI) recorded a decline by 2.3% during April on monthly basis, mismatching forecasts of 1.3% drop. Data from previous period showed a revised slight increase by 0.1%. In annual terms, the Input PPI decreased by 0.1% during April, opposing estimated value for 0.3% rise and the revised data for 0.8% increase during the preceding period.
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