michael eraklis kashioulis @MikesTrades: "Today in the UK we..."

United Kingdom

Today in the UK we saw a steady reading of inflation data at 2% which means there has been no change since the previous reading in May. This is certainly positive in my eyes, especially for consumers as the data showed a drop in the food vertical which will be welcomed by many. Alongside this, it is right on target for the BoE, for the the second time in 3 years! However, although this reading is positive in one respect, the markets assumed a reading of 1.9%, so this missed the mark for them. Alongside this, service inflation remained inflated, so there is still an element of concern that the BoE will certainly be taking into account when making their next decision on rates. We'll have to wait until August to see what their decision is. Will they cut, or will they hold? What do you think? $UK100 (UK100 Index (Non Expiry)) $ISF.L (iShares Core FTSE 100 UCITS ETF (Dist)) $LLOY.L (Lloyd's Banking Group PLC) $GBPUSD (GBP/USD) $IUKP.L (iShares UK Property UCITS ETF)