UK inflation soars

UK and European markets are expected to open higher this morning as investors wait for the outcome of the US Fed’s two-day meeting today.

UK inflation soars

Share on facebook
Share on twitter
Share on linkedin

UK inflation data just released by the Office for National Statistics shows that UK CPI hit 2.1% in May, exceeding the BoE’s target of 2%.

Globally, investors wait for the outcome of the US Fed’s two-day meeting today. The US central bank is not expected to announce any policy changes but any forecasts will be scrutinised closely. Markets could be moved today by comments regarding the Fed’s attitude to ongoing inflationary pressures; note that on Tuesday, data indicated US producer prices rose 6.6% over the past 12 months, the fastest increase on record. US retail sales fell more than expected falling 1.3% in May.

Disclaimer:  ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy. This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’

Download Our Free Brochure