Forex news5su5435

50 cents

Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Quisque sed felis. Aliquam sit amet felis. Mauris semper, velit semper laoreet dictum, quam diam dictum urna, nec placerat elit nisl in quam. Etiam augue pede, molestie eget, rhoncus at, convallis ut, eros. Aliquam pharetra. Nulla in tellus eget odio sagittis blandit. Maecenas at nisl. Nullam lorem mi, eleifend a, fringilla vel, semper at, ligula. Mauris eu wisi. Ut ante dui, aliquet nec, congue non, accumsan sit amet, lectus. Mauris et mauris. Duis sed massa id mauris pretium venenatis. Suspendisse cursus velit vel ligula. Mauris elit. Donec neque. Phasellus nec sapien quis pede facilisis suscipit. Aenean quis risus sit amet eros volutpat ullamcorper. Ut a mi. Etiam nulla. Mauris interdum.  Read More →

Remedy Games

Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Quisque sed felis. Aliquam sit amet felis. Mauris semper, velit semper laoreet dictum, quam diam dictum urna, nec placerat elit nisl in quam. Etiam augue pede, molestie eget, rhoncus at, convallis ut, eros. Aliquam pharetra. Nulla in tellus eget odio sagittis blandit. Maecenas at nisl. Nullam lorem mi, eleifend a, fringilla vel, semper at, ligula. Mauris eu wisi. Ut ante dui, aliquet nec, congue non, accumsan sit amet, lectus. Mauris et mauris. Duis sed massa id mauris pretium venenatis. Suspendisse cursus velit vel ligula. Mauris elit. Donec neque. Phasellus nec sapien quis pede facilisis suscipit. Aenean quis risus sit amet eros volutpat ullamcorper. Ut a mi. Etiam nulla. Mauris interdum.  Read More →

UK Inflation Falls Unexpectedly

Posted by admin On 7:50 PM
By: Dr. Mike Campbell UK inflation has been well above its target level for many months and this has fuelled speculation that the Bank of England’s Monetary Policy Committee (MPC) would vote to increase interest rates above their record low level of 0.5% this month or next. In the event, the MPC decided to leave the rate on hold for a further month, giving priority to supporting the recovery over reining-in inflation. The MPC has long been split over the best way to proceed between those arguing that inflationary pressure must be checked and those saying that nurturing the recovery must be the priority.

The Bank of England had argued that inflation (whilst remaining above the target level of 3%) would moderate towards the end of the year. However, data just released by the Office for National Statistics shows that inflation, as measured by the Consumer Price Index (CPI) has declined in March to 4% from 4.4% in February. The fall has largely been attributed to a record decline in the cost of food and non-alcoholic drinks which fell by 1.4% against the same period last year.

The broader based Retail Prices Index (RPI) also declined from 5.5% in February to 5.3% in March. The RPI figure includes the cost of interest repayments on mortgages.
The data caused Sterling to fall against other major currencies since the Forex markets interpret it to mean that the MPC will have more breathing room before it needs to increase rates to combat inflation. Last week, the European Central Bank increased its interest rate by 0.25% to 1.25% over fears of inflationary pressure within the Eurozone. Sterling stands at 1.6296 to the US Dollar, a fall of half a cent, and at 1.1249 against the Euro, a decline of 0.75 Euro cents.

http://www.dailyforex.com/forex-fundamental-analysis/2011/04/UK-Inflation-Falls-Unexpectedly/7685

1 Response to 'UK Inflation Falls Unexpectedly'

  1. Blogger Said,

    eToro is the #1 forex broker for beginning and pro traders.

     

Post a Comment

Pip Caculator

Forex Chart

Exchange Rates

Recent post

Blog Archive

Popular Posts

Forex Articles

Market Overview