Sterling came under further depreciation pressure over the past few days. Economists at Commerzbank analyze GBP outlook. When will we finally see a fa
Inflation data for August is due for publication on Wednesday. Bloomberg consensus expects a rise in the rate of inflation, possibly even back to 7% or above. And the core rate has been quite stubborn for some time anyway. So when will we finally see a fall in inflation? The recent data on wage growth leaves room for doubt on that front. Just like past inflation publications that frequently surprised to the upside.
So should Wednesday’s inflation data be in line with expectations or even above, with the BoE sounding dovish on Thursday the downtrend in Sterling is likely to continue.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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