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UK Dec CPI: Confirmation of a Rate Hike?
Tomorrow we get another avalanche of UK economic data just before the market opens. And the key element for the markets is likely to just be the Inflation data. This comes on the heels of better than expected jobs data on Monday. Should UK inflation continue to rise, it would be another bit of evidence that the BOE will raise rates again in the near future. The markets were taken a bit by surprise following a rate hike at the last meeting. This was because some members had been saying that a hike was necessary for several months up until that point. But ultimately they hadn’t taken action. Once they do raise rates, ... (full story)