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Apr 30 - 06:55 AM

GBP/USD - BRC Shop Price Index Keeps BoE Summer Easing View Intact

By Justin Mcqueen  —  Apr 30 - 05:15 AM
  • UK BRC shop price index falls for second straight month, down 0.3%

  • In turn, the yearly rate has fallen to its lowest level since Dec 2021

  • While this indicates easing price pressures ahead of the national print

  • Base effects are expected to take CPI at or close to 2%

  • Therefore, the bigger focus for the BoE will be on services CPI

  • COMMENT-Sterling's rebound faces key test as Fed, NFP await nL1N3H21QC

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Refinitiv IFR Research/Market Commentary


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