Breaking: UK annualized CPI beats estimates with +1.0% in July, GBP/USD jumps

The UK Consumer Prices Index (CPI) 12-month rate came in at +1.0% in July when compared to +0.6% booked in June while beating expectations of a +0.6% print, the UK Office for National Statistics (ONS) reported on Wednesday. 

Meanwhile, the core inflation gauge (excluding volatile food and energy items) arrived at +1.8% YoY last month versus +1.4% booked in June while beating the consensus forecast of +1.3%.

more to come ...