FTSE 100 slips as oil shares fall, Fed steps into the spotlight
Sterling hawks were dealt yet another blow this morning as UK Inflation missed expectations and continued its rapid descent last month.
The unexpected fall to 2.4% raises further doubt that the Bank of England will look to raise interest rates at their August policy meeting. With stagnating data becoming more than a habit for an economy in Brexit limbo, investors may need to adjust expectations and look towards November for the next monetary adjustment.
Anthony Kurukgy quoted in MarketWatch