UK: Core CPI to hold steady at 1.7% y/y in July - TDS

Dhwani Mehta FXStreet

The TD Securities Analysts believe the UK July Core Consumer Price Index (CPI) is expected to remain unchanged from the June month reading.

Key Quotes:

“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.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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