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UK inflation, lower expectations - TDS

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."

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