Forex News – Sterling falls after mild UK inflation data
Posted on May 21, 2013 at 9:24 am GMTSterling fell against most major counterparts on Tuesday after the release of UK inflation data. Both consumer and producer price inflation (CPI and PPI) dropped more than had been forecast in April, due to a decline in fuel prices. Core CPI fell to the lowest level since November 2009 while this is the first fall in annual consumer price inflation since September. Data published by the UK Office for National Statistics showed the rate of CPI inflation accelerated at a [..]