Hotter than expected CPI and Core CPI figures from the U.K. have boosted expectations for a 50-bps rate hike tomorrow.
U.K.’s May CPI 0.7% m/m (expected 0.5%; last 1.2%); 8.7% yr/yr (expected 8.4%; last 8.7%).
May Core CPI 0.8% m/m (expected 0.6%; last 1.3%); 7.1% yr/yr (expected 6.8%; last 6.8%).
May Input PPI -1.5% m/m (expected -0.5%; last 0.1%); 0.5% yr/yr (expected 1.2%; last 4.2%)
May Output PPI -0.5% m/m (expected -0.1%; last -0.2%); 2.9% yr/yr (expected 3.6%; last 5.2%).
June CBI Industrial Trends Orders -15 (expected -17; last -17)