British CPI, released each month, is the primary gauge of consumer inflation. A reading which 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 Analysts consider CPI one of the most important economic indicators, and the release of the British CPI can affect the direction of GBP/USD. The level of inflation is an important component in any decision by the BOE to raise interest rates, which would affect the movement of GBP/USD. Inflation in the UK continues to drop, and CPI has now softened ... (full story)