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Back Fundamental analysis
Threat of escalation in Gulf to continue to exert bearish pressure on GBP
It is generally understood that as
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It is generally understood that as long as energy prices remain high, the disinflation process in the UK cannot take hold. If the Monetary Policy Committee previously expected inflation to fall to 2.1% in Q2, it now sees it at about 3%, and therefore, there is no chance of a rate cut. NIESR sees two inflation scenarios depending on how events in the Middle East unfold. Accoreding to a pessimistic scenario, oil and gas infrastructure in the Persian Gulf and Iran could
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Kuvat Raharjo,
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