British annual inflation reaches two-year minimum of 1.8%

British annual inflation reaches two-year minimum of 1.8%

In January, the annual rate of inflation in Great Britain went down to 1.8%, which is its lowest outcome since December 2016. That’s what follows from the data uncovered on Wednesday.  

January’s inflation outcome is lower than December’s 2.1% and also an estimate for a dive 1.9%.

While the deceleration in inflation underlines the case for the BoE to hold off for the time being on further tightening against the backdrop of the political downtime surrounding Britain’s departure from the EU, experts are assured that there’s still room to rate lifts in 2019.

The tumble in inflation follows this week’s data, which revealed that in 2018 the UK economy headed north at the slowest tempo since 2012 because fears over Brexit as well as a wider global economic deceleration affected confidence, therefore businesses cut investment.

Investors generally expect Britain’s major financial institution to refrain from changing interest rates until uncertainty from ongoing talks over Brexit is tackled, leaving the major bank heavily pressed to move forward until after the March 29 deadline is over.

Previously, BoE governor Mark Carney told that stable global surge is more probable than a recession, although highlighted some risks to the outlook, such as soaring debt in China as well as a reduction in openness to trade.

Moreover, the statesman added that Brexit could act as the acid test of whether the financial world can combine the virtues of economic openness with considerable democratic accountability.

Carney stressed that considering that the expansion persists, a mild tightening of monetary policy over time will probably be enough to meet inflation objectives. So, the policy can still be gradual, limited, and data dependent.

While experts are still cautious, they suggest the BoE might have rates tightened in 2019.

Similar

The Last Volatile Week of 2022
The Last Volatile Week of 2022

The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!

Traders Should Know About These Releases
Traders Should Know About These Releases

The G20 summit and the US PPI release gave us a lot of volatility to trade on. Luckily, today’s markets may be even more volatile with new vital releases and geopolitical decisions. The daily news report will surely help you!

Gold Outlook Ahead of NFP
Gold Outlook Ahead of NFP

Good day for all traders out there! We prepared a gold analysis and a bunch of other news for you to enjoy! Here's what you should know:

Latest news

Increased Volatility is Coming
Increased Volatility is Coming

The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

What Currency Will Overperform?
What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera