UK: Slight downside risks for inflation data - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities point out that UK inflation for August is released this morning, and they see slight downside risks, with core inflation falling from 1.9% y/y to 1.7% y/y (mkt: 1.8%) and headline falling from 2.5% y/y to 2.3% y/y (mkt: 2.4%).

Key Quotes

“Previously-announced energy price hikes in August and September will complicate the headline inflation picture somewhat, with risks skewed to the upside, though ultimately this will just be a timing issue.”

“Pass-through from the weaker pound is abating, and we expect core inflation to hover near current levels for the remainder of the year. BoE Chief Economist Andy Haldane delivers a speech to mark the Central Bank of Estonia's 100th anniversary at 9am BST.”

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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