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UK inflation likely to keep BoE on hold in 2019

April 18 2019

UK inflation came in slightly below consensus in March, keeping headline CPI below target for the third month running. Posting 1.9% against a forecast of 2%, the number just missed the BOE’s target of 2% and therefore leaves a cloud over any chance of the central bank increasing interest rates for the foreseeable.

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Today's expected ranges

GBP / USD
1.2950 - 1.3080 ▼
GBP / EUR
1.1520 - 1.1610 ▲
GBP / AUD
1.8110 - 1.8290 ▼
GBP / NZD
1.9310 - 1.9460 ▲

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