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British inflation low below target

British inflation stood at three-year low in November. Data are below Bank of England’s 2% target. CPI inflation rose 1,5%. Growth was 0,1% higher than forecasts of analysts. Slowing economic growth and uncertainty around Brexit had biggest impact on the inflation in previous time. Analysts expect downgrading of main interest rate from central bank this... British inflation low below target



British inflation stood at three-year low in November. Data are below Bank of England’s 2% target. CPI inflation rose 1,5%. Growth was 0,1% higher than forecasts of analysts. Slowing economic growth and uncertainty around Brexit had biggest impact on the inflation in previous time.


Analysts expect downgrading of main interest rate from central bank this week, because current expectations are, that inflation will fall to 1,25% in 2020. A measure of core inflation, which excludes energy, fuel, alcohol and tobacco, held steady at 1.7% in November.Factory prices which rose 0,5%, showed slowed growth in November since July 2016.

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Weekly review: Gold, USD, EURUSD and Dow Jones

Weekly review: Gold, USD, EURUSD and Dow Jones

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Weekly review: Gold, USD, EURUSD and Dow Jones

Weekly review: Gold, USD, EURUSD and Dow Jones

Global equity markets settled higher last week after cooling inflation reports raised hopes of an end to interest rate hikes. Moving ahead, with a shorter week with the market being closed on Thursday and a half-day on Friday for Thanksgiving. However, before the Thanksgiving holidays, some intriguing US data is scheduled to be published. Minutes from the latest November 1 FOMC meeting will be released on Tuesday.