[GBP/USD]

[GBP/USD] rose from a low of 1.4550 to an o/n high of 1.4780 ...
[GBP/USD] rose from a low of 1.4550 to an o/n high of 1.4780 supported by improving risk sentiment and report of an unexpected rise in UK CPI. Feb CPI data bucked the recent trend with inflation climbing 0.9% m/m taking the annual inflation rate to 3.2% vs 3.0% prev. Feb UK retail prices also came in surprisingly strong rebounding from Jan's 1.3% drop beating expectations of another 0.1% fall to record a 0.6% increase. Feb BBA mortgage approvals rose by 28.2K vs a revised 24.3K in Jan. The pair was also supported by sharp gains in cross trade against the EUR and JPY. March CBI distributive trade will be release f/c at -20 vs -25 prev.