We just got to know March CPI and PPI from Great Britain. Although main indicator was higher than expectations, the rest of data caused quite big confusion on the price of GBP.
The results
Below you can see presentation of most important data:
Pound eventually went up
In the first moment after publication of CPI data, GBPUSD was down about a dozen pips. Eventually it dynamically appreciated setting new intraday highs:
We can also see interesting move on EURGBP where price decreased to daily pivot and first PP support:
