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Pound Unexpectedly Drops On BoE Forecasts Of 4 Percent Inflation

Discussion in 'Fundamental Analysis' started by ActionForex.com, Jun 17, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Under normal circumstances, high inflation readings and expectations are a guaranteed currency booster. This was the thinking going into today's UK CPI numbers. The consumer basket reported a 0.6 percent rise in headline inflation through the month of May that boosted the annualized figure to a decade high 3.3 percent...

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