GBP/USD: inflation data was better than expected

Forex analytics: Today, data by the British National Bureau of statistics showed that retail price index (RPI) rose by 0.4% in March against the forecast of 0.3%; on the annual basis the rise amounted to +1.6% (against the forecast of +1.4%). Core consumer price index (core CPI) in March was +0.5% (forecast +0.4%). In annual basis the index was +1.5% (forecast 1.3%). Inflation data was better than expected, which ...