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October 2015

GBP weakens to a 5 month low

Published: Tuesday 13 October 2015

Inflation in the UK remains significantly subdued as lower prices of petrol, diesel and clothing continued to weigh down on the annual rate of inflation, which slipped back into deflationary territory by 0.1% in September. Deflationary forces offer the Bank of England more time to maintain the ultra-loose monetary policy in Britain.
German analysts and investors were still less optimistic about the prospects of the Euro zone's largest economy in October as the ZEW index staged another series of declines, hitting the lowest level since October 2014. The Euro has taken this data release in its stride and poor inflation from the UK has pushed Sterling Euro to a 5 month low, last seen during the elections.