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In September, UK inflation grew to its highest value in five years, according to official data, which could make the BoE more likely to lift interest rates next month.
The previous month consumer prices grew 3% versus 2016, as the Office for National Statistics told on Tuesday, matching experts’ average expectation in a Reuters survey and also marking the fastest soar since April 2012.
Ascending inflation – powered mostly by the pound's dip since Brexit vote - has affected household incomes in 2017, causing broader economic surge to slow because wages haven’t managed to keep pace with the soaring cost of living.
Nevertheless, the previous month the BoE told it expected to lift interest rates in the nearer months, so long as the British economy and price pressures kept strengthening.
A majority of financial experts surveyed by Reuters are assured that the BoE will move at its next gathering already in November – although many of them stressed that it would be a serious mistake to act now.
In July, American retail sales jumped more than anticipated because households spurred purchases of cars and clothing, hinting that the American economy was still firm early in the third quarter…
In July, American industrial output managed to ascend, backed by higher manufacturing output, which is an upbeat indication of economic surge in the United States…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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