This will not put a rate cut back on the map, but it does remove any prospects of rates rising. |
U.K. May PPI data are unlikely to move markets markedly, in spite of the large rise in input prices, since this was largely due to the rebound in oil prices, |
U.K. May PPI data are unlikely to move markets markedly, in spite of the large rise in input prices, since this was largely due to the rebound in oil prices. |
What does it tell us? It tells us the market is not convinced. The market is trying to find its feet. Does it want another leg higher, or are we going to have a correction down? |