UK Core CPI MoM (Dec) M/M 0.3% vs. Exp. 0.3% (Prev. -0.2%, Low. 0.2%, High. 0.5%)

UK Core CPI MoM (Dec) M/M 0.3% vs. Exp. 0.3% (Prev. -0.2%, Low. 0.2%, High. 0.5%)

The UK Core CPI MoM print for December came in line with expectations at 0.3%, following a prior decline of -0.2%. This stability suggests underlying inflation pressures may be holding steady, which is significant for the Bank of England's policy trajectory, as it may reinforce the case for maintaining or adjusting interest rates cautiously. Overall, this data point should keep market focus on the inflation outlook and its implications for GBP.