Forex and Crypto

UK July CPI +2.0% vs +2.2% y/y expected

Latest data released by ONS – 18 August 2021
– +2.5%
– Core CPI +1.8% vs +2.0% y/y expected
– Prior +2.3%
A slight miss on estimates but perhaps a welcome one for the BOE as annual headline inflation sticks to the 2% target in July. The softer readings relative to June may help to reaffirm the ‘transitory’

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