17.11.2015 - The price of the British pound strengthened after the statistics on inflation

Today has been published statistics on the consumer price index in the UK according to which the index fell by 0.1% in October compared with the same month last year. At the same time, core consumer price index rose to 1.1%, which is 0.1% better than expected. The rise in core inflation increases the likelihood of higher interest rates of the Bank of England following the Federal Reserve. We maintain a medium-term negative outlook on the British pound in relation to the expectation of a stronger US dollar and a further fall in the euro. In the near future the price decline may continue until 1.51 and 1.50.

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