Market Focus

On Tuesday, 12/12/2017, attention should be focused on the UK consumer price index. The consumer price index (CPI) measures the change in the prices of goods and services from the consumer’s point of view. This is a key way to measure changes in UK buying and inflation trends.

According to the forecast, in November the growth rate will be 0.3%, which is higher than the previous value at the level of 0.1%. On an annualized basis, the indicator will grow to a level of 3.3%, which exceeds the previous value of 3.0%. In case of data release within the forecast, the pound may be in some uncertainty, as the Bank of England takes a cautious stance with regard to raising the interest rate and this inflation increase is unlikely to change the position of the Central Bank in the near future.

Alexander Sivtsov