Lates News

Mitsubishi UFJ analyst Derek Halpenny said in a report that if inflation data released by the UK on Wednesday exceeds expectations, the pound may temporarily rise. A survey of analysts showed that the year-on-year inflation rate in April is expected to accelerate from March's 2.6% to 3.3%. In April this year, as other taxes increase, the increase in employer national insurance contributions will also take effect. Energy prices and other utility costs have also risen. Halpenny said that if inflation matches expectations, people may breathe a sigh of relief. Higher-than-expected inflation could boost the pound, but negative growth could mean that this impact may quickly fade.