UK: No surprises in inflation data - TDS

Sandeep Kanihama FXStreet Contributor

TD Securities analysts note that UK’s May inflation came in largely as expected, with core inflation a tick higher at 1.7% y/y while headline inflation came in at 2.0% y/y, in line with the consensus and the BoE's recent May IR forecast.

Key Quotes

“Hotels & restaurants gained sharply in the month, while airfares gave back some of their Easter-related gains. Nothing here should bother the MPC much as they head into their deliberations today/tomorrow.”

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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