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The British pound reacts to inflation data from the UK
image 16 June، 2021
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The consumer price index, which measures inflation in the United Kingdom, rose in May at a faster pace than expected, according to data from the Office for National Statistics issued this morning, Wednesday, June 16, as the annual index rose by 2.1% compared to 1.6% in April, exceeding expectations that indicated growth By 1.8%, the main index, excluding food and energy prices, rose by about 2%, compared to 1.3% in April. The rise in the prices of clothing, automobile fuel, and transportation, in addition to recreational goods, supported the increases in the inflation rate in May, while the prices of food and non-alcoholic beverages declined. The British pound recorded gains of more than 30 pips against the US dollar, as a result of this data, and tested 1.4120 levels, and is now trading at 1.4114 levels.

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