UK: Headline inflation likely to slow to 1.9% in May - TDS
Analysts at TD Securities point out that the UK CPI for the month of May is released and will be a key economic release for the day.
“We look for headline inflation to slow to 1.9% y/y (mkt: 2.0%, BoE: 2.0%), while core inflation slows to 1.6% y/y (mkt: 1.6%). The recent depreciation in sterling should help support inflation in May and beyond, and the dip in inflation in May is largely due to base effects in core inflation that will unwind in June.”
This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.