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Pound falls as CPI lower than forecast

Published 14/02/2017, 11:17 pm
Updated 14/02/2017, 11:17 pm
© Reuters.

© Reuters.

Investing.com - Sterling fell Tuesday as UK consumer prices rose but missed expectations for an even sharper increase.
The pound was off 0.43% at $1.2471 at 06:45 ET. It eased 0.66% to €1.1739.
The headline CPI was up 1.8% in January missing an estimated rise of 1.9%.
That was the largest jump in the cost of living since June 2014.
A sharp increase in factory gate prices underlined concerns over growing inflationary pressures.
The data added to concerns that the drop in the pound since the Brexit vote will erode consumers spending power.

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