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Analysts at TD Securities are seeing slight downside risks to UK inflation data today, with headline inflation at 1.9% y/y (mkt: 1.9%) and core inflation at 1.7% y/y (mkt: 1.9%).

Key Quotes

“Downside news would not surprise: the BoE’s forecast published last week is for headline inflation to fall to 1.8% y/y, and they’re rarely wrong forecasting a release just one week out.”

“Annual revisions to the CPI weights inject some additional uncertainty into this month’s release.”