Inflation falls unexpectedly to 2.6%
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  1. #1

    Fingers like lightning

    Martin@AS Financial has more data than eek


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    Default Inflation falls unexpectedly to 2.6%

    Taken from The Financial Reporter

    CPI inflation fell from 2.9% in May to 2.6% in June, according to the latest ONS statistics, which industry experts believe will relieve pressure on the Bank of England to raise interest rates.
    CPIH, which the ONS are now using as their headline measure and which includes owner occupiers’ housing costs, shows a 12-month inflation rate of 2.6% in June, down from 2.7% in May.
    This is the first fall in the CPIH inflation rate since April 2016.

    Falling prices for motor fuels and recreational goods and services were the main contributors to the fall in the rate.Ben Brettell, Senior Economist at Hargreaves Lansdown, commented: "UK inflation fell unexpectedly in June to 2.6%, easing the pressure on squeezed household budgets and substantially reducing the likelihood of an August interest rate rise."

    The news sent the pound sharply lower as currency traders adjusted their outlook for interest rates. The Bank of England’s rhetoric has taken an increasingly hawkish tone in recent weeks, with Mark Carney himself saying at the end of last month that “some removal of monetary stimulus is likely to become necessary”. Chief economist Andy Haldane also indicated he might support a rate rise this year. However if today’s pullback in inflation marks the start of a sustained decline, the pressure on the Bank to raise rates will ease."

  2. #2

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    Brexit innit

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    milanbenes 's job has never been outsourced


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    basically if inflation is falling

    then people ain't spending

    hmmm, in a consumption based economy, that ain't good

    Milan.

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    Quote Originally Posted by milanbenes View Post
    basically if inflation is falling

    then people ain't spending

    hmmm, in a consumption based economy, that ain't good

    Milan.
    MM but last week rising inflation was caused by brexit...

    seems to me that whatever happens it is bad and alll brexit's fault...

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    Quote Originally Posted by original PM View Post
    MM but last week rising inflation was caused by brexit...

    seems to me that whatever happens it is bad and alll brexit's fault...
    This is the really bad news.

    https://www.ft.com/content/0c3427b2-...8-8055f264aa8b

    Plummeting investment in the car industry means no jobs tomorrow. This is the thing about investment is that it takes a year before you start see any effects.

    Banks are beginning to relocate, currently hundreds of jobs but in phase 2 it will be thousands, because Brexit is going to be really sh*te with no agreement on finance.
    Author of the best seller "How to get Poor quickly"

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    Quote Originally Posted by BlasterBates View Post
    This is the really bad news.

    https://www.ft.com/content/0c3427b2-...8-8055f264aa8b

    Plummeting investment in the car industry means no jobs tomorrow. This is the thing about investment is that it takes a year before you start see any effects.

    Banks are beginning to relocate, currently hundreds of jobs but in phase 2 it will be thousands, because Brexit is going to be really sh*te with no agreement on finance.
    Burn baby burn

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    Prof Cunning @ Oxford Uni

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    Default Inflation falls unexpectedly to 2.6%

    Quote Originally Posted by original PM View Post
    MM but last week rising inflation was caused by brexit...

    seems to me that whatever happens it is bad and alll brexit's fault...
    Last week you told us all that the only good economy was a consumer driven one, now you say it's not. Make up your mind, or just blame the EU/foreigners/refugees/ immigrants as usual.
    Strong and Stable Moderation

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    London capital beginning to wobble

    London is "wobbling".
    Author of the best seller "How to get Poor quickly"

  9. #9

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    Does the channel tunnel stay opened after Brexit or will they just flood it with the help of some dynamite?
    Ldoenn : 'we're hloding a referneudm to laeve the Eureopean union
    EU: 'OK'
    Scotland: 'we're holding a refeerndum to leave the UK union'
    Ldonon: ' Oh no you're not'.

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    Quote Originally Posted by scooterscot View Post
    Does the channel tunnel stay opened after Brexit or will they just flood it with the help of some dynamite?
    Dunno

    Are we going to drain the channel as well?

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