UK inflation may rise as weak pound hits shoppers – business live

Discussion in 'Market News' started by Lily, Sep 13, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    All the day’s economic and financial news, including the latest UK consumer prices index at 9.30am.

    7.22am BST

    Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

    Britain’s inflation rate may push higher today, as the weaker pound drives up the cost of imported goods.

    Inflation, as recorded by the consumer price index (CPI), is expected to have gone further up in August compared to July when it rose to 0.6% which was the highest level recorded since November 2014.

    We forecast continued growth in inflation as higher import costs from the devalued sterling find their way into consumer prices. August is only the second month where CPI numbers are based on post-referendum figures.

    A dovish Brainard speech yday evening and +ve China data o'night have us looking at a more positive start for #FTSE100 and #DAX this morning

    JD Sports - profits before tax up 73%. On the back of "favourable trends for athletic inspired footwear and apparel".

    Ocado Q3: retail sales up 13.6% with order numbers up 18.9%. Average order value down 3.4%. Warns on sustained margin pressure

    Still a deafening silence on Ocado tie-up with international retailers...

    Continue reading...

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