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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.

UK Economy Faces Fastest Inflation Growth in 4 Years

May, 24 2017
watermark Economic news

British people could possibly face a period of living squeeze as the UK consumer prices are now recording its fastest growth ever within a 4-year period, in addition to the onslaught of the upcoming general elections as well as the Brexit negotiations. UK’s per annum inflation rate rose by 2.7% last month as compared to 2.3% last March, which is the fastest rate of inflation for the country since 2013. UK inflation rates started increasing immediately after the Brexit referendum, wherein the sterling pound exhibited a depreciation immediately after the referendum. This recent surge in UK inflation rates mirrors an international trend of sudden inflation growth after a long period of muted price action prompted several central banks to resort to more radical stimulus policies.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.