UK CPI y/y landed at 06:00 UTC on 21 October 2026, and sterling’s response was slight. GBPUSD was the biggest mover, edging up about 0.03% in the 30 minutes since the print.
Where the pound moved
GBPUSD rose from 1.33739 to 1.33776, a gain of 0.028% and the widest move on our feed. GBPSGD followed, climbing from 1.70906 to 1.70949, up 0.025%.
Against the euro, the pound also firmed: EURGBP slipped from 0.83912 to 0.83892, a 0.024% fall in the cross.
Elsewhere the moves were smaller and pointed the other way. GBPCAD eased from 1.88075 to 1.88058, down 0.009%. GBPJPY dipped from 211.544 to 211.535, off 0.004%, and GBPCHF was all but unchanged at 1.10427 from 1.10429, a 0.002% slip.
What the reaction shows
The reaction was muted. What movement there was concentrated in GBPUSD, GBPSGD and the pound’s gain against the euro, while GBPCAD, GBPJPY and GBPCHF held close to their pre-release levels.
In short, sterling firmed marginally against the dollar, Singapore dollar and euro, and was effectively flat against the Canadian dollar, yen and franc half an hour after the data.
Descriptive market news from the ForexBullion Research Team. Not investment advice.
