When is the UK inflation and how could it affect GBP/USD? By anilpanchal7 UnitedKingdom Inflation GBPUSD Events RiskAppetite
ently strong employment data, coupled with the Bank of England’s cautious rate-hike and expectations of higher inflation, today’s data will be watched closely by the GBP/USD traders.
The headline CPI inflation is expected to refresh 30-year high with a 5.9% YoY figure versus 5.5% prior while the Core CPI, which excludes volatile food and energy items, is likely to rise to 5.0% YoY during the stated month, from 4.4% previous readouts. Talking about the monthly figures, the CPI could increase to 0.6% versus -0.1% prior.
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