GBP/CHF: Sterling pounded as UK slips into deflation again

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 13, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The pound has fallen across the board on disappointment the UK has slipped back into deflation for the second time this year, pushing investors’ expectations about an interest rate rise further out. The Office for National Statistics (ONS) reported that the Consumer Price Index (CPI) measure of inflation fell to -0.1 per cent in September compared to a year-earlier period. This surprised analysts who had expected the CPI to remain flat at 0 per cent. The ONS said clothing, footwear and fuel

    Continue reading...

Share This Page

free forex signals