UK CPI came in at 2.0% Vs 2.1% forecast…The main downward impact came from lower petrol prices.
The data means that inflation is under control, increasing the Bank of England’s scope for cutting interest rates, resulting in weaker sterling.
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Podcast Daily Insight GBP-EUR Update GBP-USD Update GBP-NZD Update GBP-AUD Update GBP-CAD Update GBP-ZAR Update GBP-NOK Update GBP-JPY Update GBP-DKK Update GBP-CHF Update GBP-INR Update GBP-SGD Update GBP-AED Update GBP-HKD Update GBP-TRY Update AUD-USD Update EUR-ZAR Update EUR-USD Update Jon Beddell Adam Solomon John Cameron Luke Trevail About our Analysts
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