Expert's opinion from FXFinPro

Today has been published statistics on the consumer price index in the UK according to which the index fell by 0.1% in October compared with the same month last year. At the same time, core consumer price index rose to 1.1%, which is 0.1% better than expected. The rise in core inflation increases the likelihood of higher interest rates of the Bank of England following the Federal Reserve. We maintain a medium-term negative outlook on the British pound in relation to the expectation of a stronger US dollar and a further fall in the euro. In the near future the price decline may continue until 1.51 and 1.50.

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