Michael Every, Senior Asia-Pacific Strategist at Rabobank, suggests that market expectation for UK CPI is a 0.2% m-o-m increase and 2.9% y-o-y.
“On a core basis we are expected to see CPI up 2.6% y-o-y, so no relief there for now either. Meanwhile, let’s count how many hours pass until we get a new Brexit/government in-fighting headline as the good ship HMS Strong & Stable sails headlong towards iceberg-filled waters.”
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