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GBP traders - eyes on UK inflation data due Wednesday - preview

Justin posted a comprehensive preview of the UK CPI data to come for June here: the BOE and the pound, another hot set of inflation numbers this week is going to keep the fire alive on more hawkish expectationsAdding in some snippets from about the place.TD:Base effects and another decline in petrol prices will likely pull down headline inflation to 8.1% YoY – just 0.2ppts above the MPC's forecast. That said, we expect core inflation to remain at 7.1% YoY due to continued elevated services momen... Read More

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Posted: Jul 19 2023, 02:17

Author Name: forexlive

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