Analysts at TD Securities are looking for UK’s September CPI to continue to sit above the BoE's forecasts from the August IR, coming in at 1.8% y/y (mkt 1.8%, BoE 1.7%).
“Beneath the headline, we look for core CPI to rebound to 1.7% y/y (mkt 1.7%), with risks skewed to the upside, and with headline CPI seeing a growing contribution from food prices after the depreciation of GBP over the summer. On the Brexit front, discussions are ongoing ahead of a provisionally scheduled meeting of EU Ambassadors at 2pm Brussels time, and PM Johnson will reportedly brief the UK Cabinet at 4pm BST.”
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