UK October CPI undershot expectations coming in unchanged at 3.0% y/y, with core dipping to 2.7% y/y, notes the research team at ANZ.
“Of the components, 27% saw price falls and the largest index component – housing, water, electricity, gas and other fuels (which has a 29.4% weight) – only rose a paltry 0.1% m/m. The BoE expects that UK inflation should be peaking around now, so the fact that it may be doing so below levels the BoE anticipated may point to a very gradual and shallow tightening cycle.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.