UK: Headline and core CPI likely to witness small decline – Danske Bank

In the UK, the CPI inflation figures are set to be published and analysts at Danske Bank are estimating a small decline in both headline and CPI core inflation.

Key Quotes

“The risk is that if the figures surprise on the upside, it could fuel speculations about the Bank of England (BoE) tightening its monetary policy. The market is currently pricing in a 50% probability of a 25bp hike from the BoE at the meeting in November, which is one of the 'big' meetings.”