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Inflation in the UK Unexpectedly Falls Sharply
Today, the UK Office for National
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Today, the UK Office for National Statistics released April inflation data that significantly exceeded expectations. The pound reacted to this news quite predictably—initially declining, but then quickly recovering.The report indicated that the Consumer Price Index (CPI) rose by 2.8% year-on-year, down from 3.3% in March, while the market had expected a decline to 3.0%. At first glance, this seems like good news; however, it is essential to understand that this is a temporary phenomenon and not a trend reversal.The slowdown
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
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