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10:40 (CET) - Inflationary results in the UK?
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The production price index was much bigger than expected. This is a data that complements the CPI and shows that the prices are climbing.
The sterling is declining against the dollar and euro. This could be due to the fears that are arousing around the BoE's monetary policies. These data are, supposedly, better than expected, but by too much. There are even talks about hyperinflation in the UK in the short term.
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