#TIA – Keeping up with The Guardian’s keeping up with inflation in the US and UK.
A double-dose of cost-of-living data should keep investors on their toes this morning, as optimism over a trade war deal continues to build.
Inflation in the UK (due at 9.30am) is expected to fall from 2.1% per year to 2%. That would give the Bank of England the rare treat of actually hitting its consumer price index target – if only for one month.
In normal times, CPI would be a good benchmark for future interest rate rises, and thus the value of the pound. But right now Brexit development – and the latest careless talk in Brussels bars – probably has a bigger impact.
Read more at The Guardian