Share Prices & Company Research


20 March 2019

Inflation: Further currency volatility ahead?

Inflation rose to 1.9% last month, driven by a small increase in food prices which offset a decrease in clothing.
Joel Dungate, Investment Analyst at investment management and stockbroking firm Redmayne Bentley, said: “The modest uptick won’t cause the Bank of England any concern, especially since consumer prices have just moved slightly closer to the Bank’s long-term 2% target.
“However, we have seen some major volatility in Sterling recently as investors speculate on the eventual result of the UK’s Brexit negotiations. Depending on that outcome, we could see further currency volatility which is likely to have an impact on consumer prices in the subsequent months.
“Perhaps the most significant takeaway from the figures is that house price growth is slowing, with London’s housing market particularly weak. House prices in the capital fell 1.6%, the biggest annual decline since September 2009.”
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Inflation: Further currency volatility ahead?
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