FXStreet (Guatemala) – Analysts at TD Securities noted the forthcoming September inflation for the UK on 13 Oct:
Key Quotes:
“UK inflation is likely to dip back down into negative territory as the continued drag from low oil prices hits the September data.”
“We expect an on-consensus reading of -0.1% y/y. Core inflation, meanwhile, is likely to have ticked up a notch to 1.1% y/y (same as consensus), as momentum in this component has been building in recent months.”
“September’s data won’t influence the MPC one way or another – we expect them to remain on hold until May 2016, at which point inflation will have moved much closer to their 2% target.”
(Market News Provided by FXstreet)