•  UK headline CPI holds steady at 2.4% y/y in May; PPI beats market estimates.     •  Fading BoE rate hike prospects kept exerting pressure on GBP.[...]
Our latest news coverage of the British Pound, bringing the views of the industry's leading professionals[...]
James Knightley, Chief International Economist at ING, suggests that US headline consumer price inflation surged to 2.8% in May with a strong chance it[...]
The US dollar is higher against major currencies on Tuesday after American inflation came in better than expected ahead of the eagerly anticipated Federal Open Market Committee (FOMC) two day meeting. A 25 basis points rate hike has been priced in for months with the CME FedWatch showing a 96.3 percent probability of a lift …[...]
The Sterling continues to struggle to develop bullish momentum, although Thursday brings CPI data for GBP buyers to look at. Key Brexit vote sees PM May[...]
The US May CPI report matched market expectations, with the headline measure increasing 0.2% m/m (0.209% unrounded), which raised the annual inflation[...]
If this trend continues, the Fed's reaction function will come into play.[...]
Amid strong momentum in the economy and inflation virtually at the Fed’s longer-run 2 percent inflation target, the Fed is expected to increase its policy rate from 1.75 to 2.0 percent at the conclusion of its June 12-13 FOMC meeting, and announce the next step in its balance sheet normalization policy. Beginning in July, it will roll over maturing US Treasury securities that[...]
As we head towards the release of UK CPI data for the month of May, here are the expectations as forecasted by the economists and researchers of major[...]

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