23 Mar 2015
UK CPI may see a slight fall – TDS
FXStreet (Barcelona) - Previewing the UK CPI data to be released on 24th March, Jacqui Douglas, Senior Global Strategist at TD Securities anticipates the headline inflation rate to fall 0.1ppt to 0.2%yoy.
Key Quotes
“The stabilization in oil prices in Feb should slow the downtrend in CPI, at least temporarily, and we look for just a 0.1ppt fall in the headline inflation rate to 0.2% Y/Y.”
“Consensus is looking for a 0.1% Y/Y reading, so the small upside may help to alleviate some of the downward pressure we’ve seen on GBP this week after dovish comments from both Carney and Haldane.”
Key Quotes
“The stabilization in oil prices in Feb should slow the downtrend in CPI, at least temporarily, and we look for just a 0.1ppt fall in the headline inflation rate to 0.2% Y/Y.”
“Consensus is looking for a 0.1% Y/Y reading, so the small upside may help to alleviate some of the downward pressure we’ve seen on GBP this week after dovish comments from both Carney and Haldane.”