Country Focus
UK CPI Runs Hot, But Disinflation Is Still In Sight
June UK CPI surprised to the upside, but weakening leading indicators point to disinflation ahead. Stay overweight Gilts. Headline inflation accelerated to 3.6% y/y from 3.4%, and core rose to 3.7% from 3.5%. Services inflation held at 4.7%, also above…
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