Details from the BOE inflation report 02 November 2017
- Lowers 2017 GDP forecast to 1.6% vs 1.7% prior
- 2018 1.6% unch
- 2019 1.7% unch
- CPI 1yr 2.37% vs 2.58% prior
- 2yr 2.21% vs 2.19% prior
- 3yr 2.15% vs 2.22% prior
- Wage growth: Q4 2017 2.25% vs 2.0% prior
- Q4 2018 3.0% unch
- Q4 2019 3.25% unch
- Q4 2020 3.25%
- Fall in GBP due to Brexit has pushed up inflation
- Growth is at its new lower speed limit
- Brexit decision is having a noticeable impact on the economic outlook
- CPI to peak at 3.2% in Oct 2017 vs 3.0% prior
Talk about moving the goal posts.
The BOE have a new inflation report website where you can get the highlights.
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
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