UK CPI Preview: Forecasts from five major banks, a November peak UnitedKingdom CPI GBPUSD Macroeconomics Banks
data on Wednesday, December 14 at 07:00 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of five major banks regarding the upcoming UK inflation print.
in the data, a minor upside surprise to the BoE's core forecast will likely not matter too much for the MPC.”“Despite a continued rise in core and food inflation, negative base effects should allow a marginal reduction in headline inflation from 11.1% to 11.0% in November, although risks are tilted to the upside. For core, both stronger services and goods inflation should contribute to an acceleration from 6.5% to 6.7%.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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