The TD Securities Analysts believe the UK July Core Consumer Price Index (CPI) is expected to remain unchanged from the June month reading.
“We look for core CPI to hold steady at 1.7% y/y in July (mkt 1.8%), with the recent depreciation of the pound unlikely to have any material impact quite yet.
For headline CPI, we look for a 1.9% y/y (mkt 1.9%), which is a touch above the BoE's forecast from the August IR for a 1.8% print.”
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