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UK headline and core inflation likely to be unchanged – Lloyds Bank

FXStreet (Delhi) – Research Team at Lloyds Bank, suggest that inflation figures for September are today’s domestic highlight and they expect both the headline and core rates to remain unchanged.

Key Quotes

“Last month saw the headline CPI rate, which has fluctuated between 0.1 and -0.1% y/y since February, fall back by 0.1pp to 0.0%, partly on the back of weaker petrol prices and a 0.2pp drop in core inflation to 1.0%.”

“The initial impacts from a fall in trade-weighted sterling and pickup in oil prices since mid-August are set to be countered by a further dip in forecourt prices and cuts to domestic gas tariffs in September.”

Check here for recent report on GBP/USD. “GBP/USD: Watch for gamma scalping at key edges”

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