UK: Annual CPI at 2.7% in August, as expected

On an annual basis UK CPI slid to 2.7% in August from 2.8% in July, National Statistics informed on Tuesday. This result is in line with forecasts. Month-over-month UK CPI grew 0.4%, after remaining flat and slightly below expectations of +0.5%.
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Flash: EUR/USD positioned to upside - Danske Bank

Danske Bank strategists note that the initial dollar sell-off as Larry Summers left the Fed chairman race was perhaps a bit overdone and the dollar index reduced a 0.6% loss to a 0.3% loss later during US trading.
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