January 2015 UK CPI 0.3% vs 0.3% exp y/y

• Prior 0.5%
• -0.9% vs -0.8%exp m/m. Prior 0.0%
• Core 1.4% vs 1.4% exp y/y
• RPI -0.8% vs -0.7% exp m/m. Prior +0.2%
• 1.1% vs 1.3% exp y/y. Prior 1.6%
• RPI ex-int -0.9% v s-0.7% exp m/m. Prior +0.2%
• 1.2% vs 1.3% exp y/y. Prior 1.7%
• HPI 9.8% vs 9.5% exp y/y. Prior 10.0%. Revised to 9.9%

Pretty much bang on the money as far as expectations go and the pound is reflecting that. The biggest drivers are motor fuels, food, fags and booze, as well as recreation and culture.

GBP/USD flapping around between 1.5360 and 1.5330, 1.5347 last