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UK Market Insight: Sterling Swings to Partly Define Inflation Path
Next week kicks off with fresh inflation data pointing to a moderate increase, followed by labor market figures that are expected to show no major change to headline figures. The BoE is seen sitting tight on rates with no comments from policymakers expected due to the upcoming EU referendum. The annual rate of UK inflation is expected to have bounced back to 0.4% in May, after slipping down to 0.3% a month before mostly on the back of Easter effect. The core inflation, which strips out volatile prices of food and energy, is seen remaining steady at 1.2%. The Office for National Statistics (ONS) is releasing fresh ... (full story)