Inflation Data Unlikely to Prevent August Easing

From marketpulse.com

European equity markets are poised to open a little lower on Tuesday ahead of the release of the latest inflation data from the U.K.. Core U.K. inflation has been running well below the Bank of England’s target of 2% for two years now, something the central bank has been willing to accept as the labour market was tightening, the economy was recovering and inflationary pressures were expected to pick up. Not only did the latter barely materialise, the result on June 23 has threatened the economic recovery in the U.K. which is likely to warrant further monetary stimulus, possibly as early as next month. In a way, ... (full story)