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U.K. Producer Prices Rise, Can The BoE Cut Rates?

Discussion in 'Fundamental Analysis' started by ActionForex.com, Aug 11, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Factory gate prices in the U.K. rose 10.2% from 10.0% the month prior on an annualized basis - the fastest pace since 1986. As producers pass on increasing raw material costs inflationary pressure will increase. The BoE is already handcuffed with prices rising at 3.8% and expected to rise above...

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