UK: Core inflation likely to pick up to 2.0% - TDS
|TD Securities analysts point out that UK’s April inflation is released, and they are looking for core inflation to pick up to 2.0% y/y (consensus: 1.9%) while headline inflation jumps to 2.2% y/y (consensus: 2.2%, BoE: 2.2%).
Key Quotes
“Easter effects will likely artificially boost the core number in April on stronger travel prices in 2019 vs 2018 (which saw an earlier Easter), while the Ofgem price cap lift will lead to a jump in energy prices that is likely to be sustained until a downward adjustment to the cap in October.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.