The cost of living in the UK, which is provided by the consumer price index, was released Wednesday at 8:30 GMT. The consumer price index is expected to reach zero percent in June, while the annual figure is fixed at 2%. The inflation rate, which includes energy and food, was slightly higher than the 1.8% in recent months.
Deviant effect on GBP / USD:
Readers can see Fxstreet artwork drawings. As you can see, the reaction can stay between 15 and 80 pips and go up to 2 and -3 in deviations. If in some cases, the deviation can increase up to 120 pips.