FXStreet: UK CPI provides further boost to consumers – Tip Tv

FXStreet (Barcelona) - FXStreet’s Craig Drake and the Tip Tv Team discuss about UK’s inflation and how it has a net positive effect on consumers.

Key Quotes

“UK inflation, or lack thereof, remains an "unambiguous net positive" for the UK economy with price declines in food and fuels and the AA reporting the third biggest drop in prices at the petrol pumps in 25 year in December.”

Mark Carney expects UK inflation to fall further

Speaking to the BBC, Bank of England governor Mark Carney said he expects inflation to fall further than today’s 0.5 percent CPI print with declining global fuel prices filtering down to the petrol pump and the inflation outlook looking “a little softer”.
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GBP/JPY to test 180.90 before further sell-off resumes – FXStreet

FXStreet Editor and Analyst, Omkar Godbole, shares that soft Yen and recovering UK Gilt Yields might support gains in GBP/JPY, anticipating the pair to test 180.90 before further sell-off resumes.
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