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Article: Declining U.K. Consumer Prices Would Validate Bearish Pound Technical Outlook.
- Article from:
- Mena Report
- Article date:
- October 13, 2009
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Summary: U.K. consumer price growth is expected to slow to 1.3% from 1.6% on an annualized basis despite forecasts for a 0.3% gain during the month of September....
U.K. consumer price growth is expected to slow to 1.3% from 1.6% on an annualized basis despite forecasts for a 0.3% gain during the month of September. Inflation has steadily fallen in Europe's third largest economy but prices have remained sticky at a time when the Euro-Zone, U.S., Japan and Switzerland has experience negative prices. OCT 13 U.K. CPI (SEP) (GMT 04:30: 08:30 EDT) Expected: 1.3% Previous: 1.6% Fundamental Outlook U.K. consumer price growth is expected to slow to 1.3% from 1.6% on an ...