Gbpjpy big bullish up trend read the caption
Gbpjpy big bullish Unfavorable base effects were expected to lift headline and core CPI last month but in both cases, they stayed at the same level. A small win but a win nonetheless for the BoE.
It was already expected to fall back to target in the second quarter before rebounding a little later in the year and this now increases the possibility of inflation undershooting the 3% target
It was already expected to fall back to target in the second quarter before rebounding a little later in the year and this now increases the possibility of inflation undershooting the 3% target