UK CPI inflation climbs to 2.6% YoY in November, as expected

• United Kingdom's annual CPI jumped 2.6% in November vs. 2.6% forecast.
• British inflation eased to 0.1% MoM in November vs. 0.1% aniticpated.
• GBP/USD keeps range near 1.2700 after UK CPI inflation data.

The United Kingdom (UK) Consumer Price Index (CPI) edged higher by 2.6% on a yearly basis in November after recording a 2.3% growth in October, according to the data released by the Office for National Statistics (ONS) on Wednesday. 

Data aligned with the market forecast of 2.6% and stayed well above the Bank of England’s (BoE) 2.0% target.