Breaking: UK annualized CPI beats estimates with 4.2% in October, GBP/USD jumps towards 1.35

• UK CPI rises by 4.2% YoY in October vs. +3.9% expected.
• Monthly UK CPI arrives at +1.1% in October vs. +0.8% expected.

The UK Consumer Prices Index (CPI) 12-month rate came in at +4.2% in October when compared to +3.1% booked in September while beating expectations of a +3.9% print, the UK Office for National Statistics (ONS) reported on Wednesday. 

more to come ....