UK: Headline inflation likely to slow to 1.9% in May - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities point out that the UK CPI for the month of May is released and will be a key economic release for the day.

Key Quotes

“We look for headline inflation to slow to 1.9% y/y (mkt: 2.0%, BoE: 2.0%), while core inflation slows to 1.6% y/y (mkt: 1.6%). The recent depreciation in sterling should help support inflation in May and beyond, and the dip in inflation in May is largely due to base effects in core inflation that will unwind in June.”

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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