Pound sterling same fate as the Euro. Pound sterling fell to lows against the US Dollar. The data showed that inflation in the UK to enter the negative area for the first time since 1960. GBP / USD rolled up to 0.63 percent from 1.5555 to 1.5576 range. While the EUR / GBP dropped to 0:44 per cent to 0.7195. Office for National Statistics (ONS), has announced the annual inflation rate went down as much as 0.1 percent in April after no change in the two previous months. Experts economists suspect, UK annual inflation will not change over a range of zero. Consumer Price Index (CPI) increased 0.2 percent from a month earlier, as stated by the Office for National Statistics, compared with a rise 0.4 percent after a 0.2 percent rise in March. Office for National
Statistics said that the decline in the sector of the UK inflation, largely due to the low transport rates. Likewise the price of other needs such as alcohol, clothing, and household goods, is also cheaper than the same month last year. On the other hand, Mark Carney (Governor BOE) says about the estimated inflation rate Ingris negativity in the short term. However, Carney still insists that price would then be back to normal in the coming months before the BOE's 2 percent inflation target will slowly be achieved at least within a period of two years.
Statistics said that the decline in the sector of the UK inflation, largely due to the low transport rates. Likewise the price of other needs such as alcohol, clothing, and household goods, is also cheaper than the same month last year. On the other hand, Mark Carney (Governor BOE) says about the estimated inflation rate Ingris negativity in the short term. However, Carney still insists that price would then be back to normal in the coming months before the BOE's 2 percent inflation target will slowly be achieved at least within a period of two years.
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