UK annualized CPI meets estimates with +1.5% in March, GBP/USD stays below 1.23

• UK CPI rises by 1.5% YoY in March vs. +1.5% expected.

The UK Consumer Prices Index (CPI) 12-month rate came in at +1.5% in March when compared to +1.7% booked in February while matching expectations of a +1.5% print, the UK Office for National Statistics (ONS) reported on Wednesday. 

Meanwhile, the core inflation gauge (excluding volatile food and energy items) arrived at +1.6% YoY last month versus +1.7% booked in Feb while meeting the consensus forecast of +1.6%.

more to come ....