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fxAug 19, 2026, 7:50 AM

MUFG Sees Steady BoE Outlook After UK CPI, Jobs Data

MUFG's Derek Halpenny says UK July CPI was broadly in line with expectations and keeps the Bank of England outlook steady following CPI and labour market data.

GBPUSD

MUFG’s Derek Halpenny notes that the Bank of England outlook remains steady following the latest UK inflation and labour market data.

UK July CPI was broadly in line with expectations, with the headline rate rising to 2.9%, mainly on higher utility bills. The update also referenced services inflation.

Source: FXStreet Forex News