Senior Market Analyst Craig Erlam discusses this week's key event risks, with the most notable being the UK jobs report and
BoE inflation report hearing.
Not exact matches
Instead, the
BoE should be true to its word and undertake a thorough consideration of a rate rise alongside its quarterly forecasts in its February
inflation report.
More importantly, the +3.0 % annual reading is below the
BOE's forecast that CPI will rise by 3.2 % year - on - year in October, as laid out in the November
Inflation Report.
And according to some market analysts, the corrections caused odds for a November
BOE rate hike to rise, very likely because the reading for Q2 is substantially better than the
BOE's forecast of +1.0 %, as laid out in the August
Inflation Report.