Giles Coghlan, chief market analyst at HYCM
“After months of turmoil, today’s downside print was anticipated by the markets, and should result in support for the GBP on the relief that the UK economy is pulling back from a stagflationary precipice.
Section: Opinion
“Oil prices have been weaker as of late, while inflationary pressures are now starting to ease in many economies around the world.
“Finally, UK inflation appears to be falling in line with these global trends, although a wage-price spiral and businesses increasing prices remain as risk factors."
Source: BTL Insider — https://btlinsider.co.uk/giles-coghlan-chief-market-analyst-at-hycm