ONS with a survey a short while ago 26 Oct
- In April 2017 vs April 2016, adjusted for inflation
- the first fall of this measure since 2014
Fear that the BOE would like a reminder that the real wages remain a concern. If they think the inflation is at the highest around current levels and around this time they really want/need to make the trek ?
I maintain my argument that the whole hike is only to anticipate the falls in the not so distant future, and therefore create some wiggle room. Ditto US Fed.
Full report from the ONS here
During this time GBPUSD the pair continues its reality-check your retirement to test 1.3200 with EURGBP up to 0.8941 but EURUSD below 1.1805
The GBPUSD 15m