Tag Archives: UK inflation

Sterling hits highest since late September against dollar

Sterling hit its highest in more than two and a half months against the US dollar on Tuesday after CPI data showed that inflation in the United Kingdom is still stubborn. This makes it more likely for the Bank of England will avoid further easing for now. Monetary easing tends to weaken a currency. So if the BOE refrains from such a move this is positive for the British pound for...

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December 18, 2012 @ 9:48 pm

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UK inflation rises to highest in five months

The United Kingdom’s Consumer Price Index  (CPI) printed a reading of 2.7 percent in October, which is the highest since May and well above analysts’ average forecast of an increase to 2.3 percent. The figure is up from September’s 2.2 percent rate. The CPI is calculated on an annualized basis. The main culprit was a rise in food prices due to poor harvest because of the extremely...

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November 13, 2012 @ 12:34 pm

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UK inflation rises to highest in five months

The United Kingdom’s Consumer Price Index  (CPI) printed a reading of 2.7 percent in October, which is the highest since May and well above analysts’ average forecast of an increase to 2.3 percent. The figure is up from September’s 2.2 percent rate. The CPI is calculated on an annualized basis. The main culprit was a rise in food prices due to poor harvest because of the extremely wet...

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November 13, 2012 @ 12:34 pm

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