UK Inflation Falls Down A Notch
Pure FX
13.04.2011
Sterling took a bruising in the last 24 hours following the release of last month’s UK inflation data. Inflation fell a notch to 4.0% in March according to the ONS – landing beneath forecasts of 4.4%. This bruised the pound since it cuts the odds of the BoE upping interest rates in the short term.
Other gloom-filled data includes the latest UK retail price index. The RPI plummeted -0.5% last month - compared to forecasts of a confident stride 0.6% up.
More...
Pure FX
13.04.2011
Sterling took a bruising in the last 24 hours following the release of last month’s UK inflation data. Inflation fell a notch to 4.0% in March according to the ONS – landing beneath forecasts of 4.4%. This bruised the pound since it cuts the odds of the BoE upping interest rates in the short term.
Other gloom-filled data includes the latest UK retail price index. The RPI plummeted -0.5% last month - compared to forecasts of a confident stride 0.6% up.
More...
