UK: Downside risks to inflation - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are seeing slight downside risks to UK inflation data today, with headline inflation at 1.9% y/y (mkt: 1.9%) and core inflation at 1.7% y/y (mkt: 1.9%).

Key Quotes

“Downside news would not surprise: the BoE's forecast published last week is for headline inflation to fall to 1.8% y/y, and they're rarely wrong forecasting a release just one week out.”

“Annual revisions to the CPI weights inject some additional uncertainty into this month's release.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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