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Will UK inflation data give sterling another boost this week?

The UK CPI data for June is out tomorrow and headline annual inflation is estimated to drop from 8.7% in May to 8.2% in the last month. However, core annual inflation is estimated to hold steady at 7.1%. The latter is still the main focus as food price inflation especially continues to run hot in the UK. And just keep in mind that in each of the last four readings, core annual inflation has beaten estimates and expectations:Will it do so again this week? If so, how will that impact the pound? Le... Read More

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Posted: Jul 18 2023, 10:29

Author Name: forexlive

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