Trading news

Britain to reach 2% inflation target

Britain's citizens raised their expectations for the next 12 months regarding inflation toward a 2% target, as per the Bank of England (BoE) May survey.

The public expects that the inflation, on a quarterly basis, will likely be, compared to February's 1.8%, 2.0%.

Median inflation rate expectations for Britain at 3.4%

Furthermore, the probabilities for a rake hike increased to 41% and were 3% higher than the previous odds for 38%.

From a long-term approach, the respondents expect an inflation rate of 3.4%, on a median basis, compared to February's 2.9% rate.

Moreover, the respondents who have participated in the survey, around 2,143 people, between the period of May 6 and 10, perceive that the economy would gradually weaken further.

Read More

Friday, 10 Jun, 2016 / 1:30

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/britain-to-reach-2-inflation-target

Trading news

 

GBPUSD On Track To Settle Above 1.3700

The British pound sterling continues to keep a bullish hold. After failing to [...]

Posted on Friday, 22 Jan, 2021 / 12:08 under

Crude Holds Near Highs

The crude market saw a much quieter period of trading this week. Price [...]

Posted on Friday, 22 Jan, 2021 / 12:07 under

Biden To Push Through Stimulus Aid

Greenback Fades as Bears Take Control The US index dropped towards the 90 [...]

Posted on Friday, 22 Jan, 2021 / 12:06 under