“Sterling is riding high after receiving a surprise dose of inflationary normality,” says Karim Yousfi, Chief Global Strategist at Audacity Capital. “Against all expectations, Britain has stepped back from edge of the deflationary abyss. The sighs of relief will be loudest at the Bank of England, which had forecast a fall in consumer inflation, and was facing calls for it to push interest rates into negative territory for the first time in its 325-year history.”



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August 21, 2020