UK CPI rate reported by PNS rose 0.1 percent in November compared with minus 0.1 percent than the previous month. Analysts expect CPI UK will fit in zero. Transportation costs and the price of alcohol and tobacco are the main contributors to the increase in UK inflation last month. Nevertheless, the price slump clothes carrying larger than the gains scored by the main contributors.
On the basis of this inflation is still dimness, the Bank of England (BOE) last week decided not to change interest rates in the range of 0.5 percent. And since then, the traders observed to stop assuming the BOE will soon follow the Fed to raise interest rates. England's monetary policy makers diperakan will wait until 2017.
Pound sterling was little changed against the US dollar, following the biggest drop in two weeks on Monday. GBP / USD was trading at 1.5148 figure after sliding 0.5 percent yesterday, while the EUR / GPB depreciated to 0.7275 figure.
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