Disappointing UK data send pound lower across the board. GBPUSD fell nearly 50 pips and hit session low at 1.3072; GBPJPY dipped to 148.77 from pre-data level at 149.32 while pound fell to three-week low against Euro at 0.8952.

FTSE 100 index rose to session high at 7418 as pound was hurt by downbeat data.

UK annualized CPI disappointed expectation on 3.0% in October, compared to 3.1% forecast while m/m release was also negative (0.1% vs 0.2% f/c and 0.3% in Sep).
UK PPI and RPI figures also missed the forecasts in October.

Cable’s fresh easing increases downside risk towards key supports at 1.3038/26; GBPJPY seen risk of renewed attack at key barriers at 148.14 (daily cloud top / H&S neckline), following repeated unsuccessful attempts to break lower.

EURGBP cross extends advance through 55SMA (0.8926) and cracked 100SMA (0.8944), as weak UK data pressured pound and the single currency was boosted by upbeat Italian GDP data.