UK Inflation Heats Up, But Markets Overshoot
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Hot September UK CPI will support BoE hawkishness in the near term, but investors should expect a dovish surprise over the next 12 months. Headline UK CPI rose to 3.5% y/y from 3.1%, which was above consensus. Core CPI rose to 2.8% from 2.6%, in line with…
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