The UK consumer price inflation (CPI) accelerated to 1.3%, beating the estimates and September`s CPI by 0.1%.
Other key points include:
- Smaller falls in transportation cost than a year ago.
- Food and motor prices reduced the CPI by 0.3%.
The CPI report for October can be obtained here.
The GBP/JPY pair is relatively safe for a long position. This position can be fairly passive as the direction of this pair is biased towards one direction.
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