A bigger-than-expected drop in U.K. inflation caused sterling to fall, but prices remain high and the weaker print is unlikely to be enough to deter the BOE from a second consecutive 50bp rate rise in August, KBC said.
A bigger-than-expected drop in U.K. inflation caused sterling to fall, but prices remain high and the weaker print is unlikely to be enough to deter the BOE from a second consecutive 50bp rate rise in August, KBC said.