UK November CPI +2.6% vs +2.6% y/y expected ...Middle East

Prior +2.3%Core CPI +3.5% vs +3.6% y/y expectedPrior +3.3%

The figures are consistent with a rise in prices on an annual basis for November, that after Ofgem removed the energy price cap back in October. In any case, this just reaffirms the case for the BOE to stay on hold for this week. More details to follow..

This article was written by Justin Low at www.forexlive.com.

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