Home UK: Pretty tame overall inflation figure – TDS
FXStreet News

UK: Pretty tame overall inflation figure – TDS

In view of analysts at TD Securities, UK’s latest inflation data was a touch stronger than expected with CPI coming in at 1.5% YoY in November (market 1.4%), but that is its joint-lowest YoY rate in 3 years, so the overall picture is still pretty tame.

Key Quotes

“Core CPI was unchanged at 1.7% y/y, in line with consensus. Overall, inflation is running in line with what the BoE had expected in the November MPR, so shouldn’t be a major factor in tomorrow’s rate decision. The bigger issues are the evolution of political uncertainty, Brexit negotiations, and overall growth dynamics.”

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.