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Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Inflation Concerns in UK Rises

December, 14 2016
watermark Economic news

The tension in British households has lessen since May 2015, as most focus on increase in inflation next year. Moreover, it is predicted by economists that the overall growth will slow down because of the depreciation of sterling that also affected the disposable income.

Inflation raises concern among households with steady pay and uncertainty brought by Brexit. The household expectations has dropped to its lowest rate since three years ago contrast to inflation expectation which has been the highest since August 2014. The market already see the minimal chance for interest rate cut since Brexit.

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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.