UK BRC Shop Price Inflation (Mar) 1.2% vs. Exp. 1.3% (Prev. 1.1%)
The UK BRC shop price inflation reading at 1.2% for March is slightly below expectations of 1.3% but shows an increase from the previous month’s 1.1%.
Kuwait's army reports air defences intercepting hostile missile and drone attacks
[MARKET UPDATE] Oil prices extend on gains with WTI crude up around 3% after further upside was on reports that Iran targeted a Kuwaiti crude carrier in Dubai port
UK BRC Shop Price Inflation (Mar) 1.2% vs. Exp. 1.3% (Prev. 1.1%)
Korea (Republic of) Retail Sales MoM (Feb) M/M 0.0% (Prev. 2.3%)
Korea (Republic of) Industrial Production MoM (Feb) M/M 5.4% (Prev. -1.9%)
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This minor miss could suggest easing inflationary pressures at the retail level, which may impact expectations for future monetary policy decisions by the Bank of England. Traders should consider the potential implications for GBP as softer inflation data could lessen hawkish sentiment around interest rates.
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