UK inflation rates defied all odds and stepped back “from the edge of the deflationary abyss” said Karim Yousfi, Chief Global Strategist at Audacity Capital.  The Bank of England (BoE) would have been particularly pleased as the upbeat publication provides BoE hawks with the ammunition to oppose further quantitative easing.

UK inflation data boosts pound Sterling but rally stalling


Posted on

August 21, 2020