Tuesday's publications of heavy inflationary figures from Great Britain are by and large forecasting stability. Set to be released tomorrow are the data on CPI, RPI, and DCLG's HPI. The market is already pricing in a solid uptick in British pound (GBP) values, highlighting a general mood of agreement with the forecast for stability.
Britain's core consumer price index ( CPI ) is the only figure anticipating a decline (albeit of a meek 0.1%), while the house price index ( HPI ) being released by the Department for Communities and Local Government (DCLG) is foreshadowing a much shallower decline in home values from last month. The retail price index ( RPI ) is expected to stay at 5%, and the nominal CPI data is set for an increase in similar size to the decrease predicted to come in the core data. Will traders be surprised after tomorrow's inflationary releases?
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