UK Inflation Rockets Higher To 2.9 Percent

This morning’s UK CPI was sharply higher than forecasts; coming in at a monstrous 0.6% MoM, 2.9% YoY in December, up from last month’s 0.3% MoM, 1.9% YoY rise. Today’s reading comes within a fraction of hitting the 3% threshold where BoE Governor King would be obliged to write a letter to the UK Chancellor of the Exchequer to explain the massive overshoot above the 2% target. GBPUSD has responded…

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3 Responses to “UK Inflation Rockets Higher To 2.9 Percent”

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UK Inflation Rockets Higher To 2.9 Percent

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UK Inflation Rockets Higher To 2.9 Percent

3 Responses to “UK Inflation Rockets Higher To 2.9 Percent”

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