British CPI, also known as inflation, is a key consumer indicator. It measures the change in the price of goods and services charged to consumers. A reading that is higher than the market forecast is bullish for the pound. Here are all the details, and 5 possible outcomes for GBP/USD. Published on Tuesday at 9:30 GMT. Indicator Background CPI is the primary gauge of inflation in the UK. An increase in inflation reflects more economic activity, which is bullish for the pound. CPI dropped to 2.2% in October, its lowest level in over a year. The markets are not expecting any change in November, with an estimate of a ... (full story)