13/8/2008 - the current market sentiment |
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Today's BOE quarterly inflation report could contain the current market sentiment adding to the British pound owes. The report came softer than expected expecting the inflation to come down again near 2% in the coming 2 years but the bank did not deny the current upside inflation risks in this same time of down side growth risks which cause a stagflation case in UK. The report came accompanied with the release of UK labor report which has shown an increase of the unemployment rate to 5.4% in
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