20 Mar 2015
CPI to alleviate pressure on Sterling? - TDS
FXStreet (Guatemala) - Analysts at TD Securities noted the forthcoming Inflation data from the UK next week on Tuesday.
Key Quotes:
"The stabilization in oil prices in Feb should slow the downtrend in CPI, at least temporarily, and we look for just a 0.1ppt fall in the headline inflation rate to 0.2% Y/Y. Consensus is looking for a 0.1% Y/Y reading, so the small upside may help to alleviate some of the downward pressure we’ve seen on GBP this week after dovish comments from both Carney and Haldane."
Key Quotes:
"The stabilization in oil prices in Feb should slow the downtrend in CPI, at least temporarily, and we look for just a 0.1ppt fall in the headline inflation rate to 0.2% Y/Y. Consensus is looking for a 0.1% Y/Y reading, so the small upside may help to alleviate some of the downward pressure we’ve seen on GBP this week after dovish comments from both Carney and Haldane."