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UK inflation report to show Brexit impact – business live

Discussion in 'Market News' started by Lily, Aug 16, 2016.

  1. Lily

    Lily Forum Member

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    All the day’s economic and financial news, including the first official healthcheck on the British economy since the EU referendum

    8.02am BST

    Interesting day for UK markets with inflation data at 9.30am (Brexit impact) & longer dated (15yr +) buyback from the BoE (failed last week)

    8.01am BST

    Higher food and fuel prices probably pushed Britain’s inflation rate up last month, predicts Naeem Aslam of Think Markets UK.

    Today, more light will be shed on the consequences of the Brexit vote in terms of CPI data.

    It is very important to keep in mind that Brexit has not happened yet, only the Brexit vote has occurred and they are two different things. The Bank of England has already accepted that one of the consequences is that inflation will move higher and we do reason that the inflation rate could easily burst the BOE’s target of 2% as early as the first quarter of 2017.

    Ahead of July's #inflation figures, @yaelselfin tells @SkyNewsSunrise we're likely to see inflation accelerate. pic.twitter.com/XA2D7fln9b

    7.32am BST

    Good morning.

    We’re about to get our first piece of hard economic data since Britain’s fateful EU referendum on June 23.

    Bearish sentiment is building as investors look ahead to a slew of UK data that should offer a much clearer picture of how the economy has been affected by the Brexit vote.

    The limited evidence so far has been pretty downbeat and point to a marked reversal of fortunes for an economy that enjoyed a very healthy first half of the year.

    Tomorrow's @TimesBusiness front page: Sterling sinks as market braces for truth on Brexit #tomorrowspaperstoday pic.twitter.com/BOmIr2frCp

    Bad day for commuters like me as we await inflation figs & find out how much our tickets will rise next year. Rail fares up 25% since 2010.

    Highlights include UK and US CPI, German & EU ZEW Survey, US Industrial Production, API Crude Inventories and NZ Employment Change

    Our European opening calls:$FTSE 6924 down 17
    $DAX 10717 down 22
    $CAC 4484 down 14$IBEX 8682 down 38$MIB 16972 down 26

    Continue reading...
     

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