Market insights

UK inflation expected to increase - MI190923

Tomorrow morning sees the UK release its inflation number at breakfast time. Analysts are expecting the annualised growth to tick up again to 7.1% from the 6.8% reading last time around. This will have a knock on effect to the Bank of Englands interest rate decision on Thursday where it looks nailed on for another 0.25% hike to 5.5%.

This could be a deciding factor for GBP/EUR rates where the Pound has been in decline for the past few sessions.

It's a similar story across the board for Sterling which has been generally out of favour with traders against most currencies recently.

Business news remains relatively quiet. The headline is the rising price of oil that could, in turn, lead to adverse inflation numbers.

Get your free quote now

Economic calendar

CAN 13:30 Inflation Number

UK: Wednesday 07:00 Inflation Number

As ever we look forward to looking after you and please keep an eye out for our next Insight.

Our friendly currency experts are always on hand to help you. We offer a first class service backed up by an easily accessible online platform to ensure you always have visibility of your transactions.

Our business ethos is based on bank beating and fantastic customer service. Click on the link above for a free, no obligation quote, and see for yourself how Regency FX can save you money.

Open a free account

It is free and easy