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Expert's opinion from FXFinPro
Inflation in the UK slowed to 0.3%
Today in the UK was published important data on consumer price index, which in April was only 0.3% versus 0.5% in the previous month. Basic indicator of consumer inflation, which excludes prices for energy, food, alcohol and tobacco, fell to 1.2%, which is 0.2% less than expected. Tomorrow, the British currency volatility will be increased in connection with the publication of statistics on the labor market of the country. In the coming weeks we can see the decline of the pound ahead of the referendum on the UK's membership in the EU, but after that, we expect growth potential with targets at 1.5000 and 1.5150.
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Tuesday, 17 May, 2016 / 12:30
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