Home » Currency Note » Currency Note » Currency Note GBP » GBP: Inflation comes in just below market expectations

Sterling briefly dipped yesterday as inflation came in yesterday at 1.9%, unchanged from the previous month and not quite at market expectations of 2%. However, it soon regained its ground.

House prices showed the slowest rise since September 2012, according to ONS figures. The average growth rate nationwide was 0.6%, although in London, it was a fall of 3.8%.

Speculation on the state of the Brexit talks between the Conservative and Labour parties continue, after an article in the Guardian claimed that they had reached an impasse, which Labour swiftly moved to deny. Although the British parliament is in recess, the talks continue, with more meetings planned for later next week.

Sterling gained yesterday against the dollar, as better-than-expected Chinese economic data sent ripples through the global markets.

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