EUR/GBP aims to recapture 0.8700 ahead of UK Inflation – by Sagar_Dua24 EURGBP ECB BOE Inflation Oil
The street is concerned over UK’s growth potential due to labor market shortages and ongoing low investment and productivity growth.
A decline in monthly UK inflation could be the outcome of lower energy prices. The UK economy has been facing the heat of labor shortages and high food inflation. A steep deceleration in UK inflation might allow the to pause its policy-tightening spell ahead. Investors should note that BoE Governor Andrew Bailey has already raised interest rates to 4.5%.
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