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- 📢 Gate Square Ambassador Recruitment is Now Open! 🔥
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Societe Generale: UK inflation data to be released next week may boost the pound
FXStreet July 12 News - Societe Generale said that if the data released on July 17 shows that UK inflation in June remained stable, considering the lower-than-expected US inflation report released last night, the British pound against the US dollar may further rise. Forex strategist Kit Juckes said in a report that the market generally predicts that the UK's core inflation rate will remain at 3.5%, which will continue to give the Bank of England a headache. He said that the stickiness of inflation in the UK is troubling and is a side effect of Brexit.