The Numbers
UK Core Inflation Cools From 31-Year High
Softer-than-anticipated CPI inflation caused UK Gilts to rally and the British pound to weaken on Wednesday. Headline CPI inflation fell from 8.7% y/y to a 15-month low of 7.9% y/y in June – a greater decline than anticipations of 8.2% y/y. On a…
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