UK Inflation in Line With Expectations but Services Still Too Hot – ING

The latest UK services inflation numbers are a bit disappointing for the Bank of England (BoE), and the latest figure is 0.4ppt above what it had forecast back in the May monetary policy report, ING’ FX Strategist Francesco Pesole suggests.

FXStreetJun 19 11:49 ET

British pound makes a strong comeback: 3 major market signals hidden behind inflation data and the next move of the Bank of England.

Amidst the complex background of global economy, every fluctuation in the UK's inflation data has become the focus of the market's attention. The latest inflation report not only provides investors with a window into the UK's economic conditions, but also adds new uncertainty to the future trend of the British pound.

FX678 FinanceJun 19 07:11 ET

U.K. Inflation Data Could Boost Case For August Rate Cut But Future Outlook Unclear -- Market Talk

0859 GMT - U.K. annual headline inflation for May decelerated to 2%, a move that could solidify the case for an interest-rate cut by the Bank of England in August, XTB research director Kathleen Brook

WSJJun 19 04:59 ET

Bets of an August BOE Rate Cut Dashed by High Services Inflation

Traders pared bets that the Bank of England will ease monetary policy in the coming months after data showed services sector inflation remained higher than expected in May.

BNN BloombergJun 19 04:31 ET

U.K. Services Inflation Tops BOE Expectations, But August Cut Still in Play -- Market Talk

Despite falling headline U.K. inflation, it's services inflation that matters for the Bank of England and in May it came in higher than expected for the second-straight month, ING economist James Smith says in a note.

WSJJun 19 04:01 ET

Inflation Returns to Bank of England's Target for the First Time in Nearly Three Years

Inflation in the U.K. returned to the Bank of England's target for the first time in nearly three years, data that underscores the central bank will soon join other peers in beginning to reduce interest rates.

MarketWatchJun 19 03:56 ET