for December month is due early on Wednesday at 07:00 GMT. Given the recently strong employment data, coupled with the cautious optimism at the Bank of England , today’s inflation numbers will be watched closely by the GBP/USD traders.
The headline CPI inflation is expected to rise to 5.2% YoY versus 5.1% prior while the Core CPI, which excludes volatile food and energy items, is likely to ease to 3.9% from 4.0% in December. Talking about the monthly figures, the CPI could ease to 0.3% MoM from 0.7% marked in November. Political angst and Brexit woes joined increasing odds of the Fed’s faster rate hike, not to forget Omicron woes in the UK, to weigh on the
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