Bringing you live news and features since 2006 

WisdomTree comments on UK inflation rise

RELATED TOPICS​

The May inflation release from the UK’s Office for National Statistics shows CPI inflation has jumped up to a high of 2.9 per cent.

Commenting, Viktor Nossek, director of research at WisdomTree in Europe, says: “Inflation has caught markets unawares today, accelerating to 2.9 per cent as the cost of goods and services – rather than imports – drove it higher.

“The situation remains volatile. With uncertainty over the political situation in the UK already impacting Brexit negotiations, the pound has come under pressure once more and is now at its lowest level for months.

“It’s expected to remain volatile and succumb to more downward pressure, providing yet another unwelcoming rise to import cost induced inflationary pressures for consumers.

“Combined with indications of economic activity weakening, as evidenced by both actual GDP and retail sales decelerating markedly against a backdrop of weakening business sentiment, the BoE is unlikely to tighten soon. It’s clearing the path for inflation to hit 3 per cent.”
 
 
 

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by