UK inflation, lower expectations - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Guatemala) - Analysts at TD Securities noted the forthcoming September inflation for the UK on 13 Oct:

    Key Quotes:

    "UK inflation is likely to dip back down into negative territory as the continued drag from low oil prices hits the September data."

    "We expect an on-consensus reading of -0.1% y/y. Core inflation, meanwhile, is likely to have ticked up a notch to 1.1% y/y (same as consensus), as momentum in this component has been building in recent months."

    "September’s data won’t influence the MPC one way or another – we expect them to remain on hold until May 2016, at which point inflation will have moved much closer to their 2% target."
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