FOCUS OF THE DAY: Inflation data in the UK!
Dear traders,
The UK Office for National Statistics (ONS) will publish inflation data for September at 11:30.
- According to analysts, the growth rate of consumer prices will drop slightly to 2.6% against a rise of 2.7% in August.
- At the same time, core inflation should fall to 2.1% after a value of 2.0% in August.
In addition to the inflation report, traders will pay attention to retail sales data, which will be released on Thursday.
The growth of the British economy in the summer turned out to be stronger than expected as hot weather spurred consumer spending, although weak August data indicated a slowdown in growth ahead of Brexit next year. (Investing.com)
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