UK Faces Nightmare Dilemma With Inflation Gauge At 25-Year High

UK Faces Nightmare Dilemma With Inflation Gauge At 25-Year High

Never miss an opportunity to use the word "century" in a headline. That's especially applicable to financial media. If there's an inflation tie-in, that's even better. I eschewed the temptation to employ "quarter-century." I'm not one for bombast unless it's tongue-in-cheek. I went with "nightmare" instead. 10-year breakevens in the UK touched 4.25% Friday, the highest since 1996 (figure below). For context, it wasn't until 1997 that the BOE gained operational independence to pursue price stab
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4 thoughts on “UK Faces Nightmare Dilemma With Inflation Gauge At 25-Year High

  1. The upturns in new cases in the UK (Aug) and EU (Oct) are worrisome. Whether it is due to waning relaxed non-pharmaceutical interventions (NPI) or Delta + AY variant, both of which are or will be equally applicable to the US.

  2. Great Britain led by Boris Johnson, the buffoon, is no longer a developed country. That’s why you can have a falling currency, a weak stock market, higher interest rates, subpar economic performance and growth, and shortages of essentials. Next is when northern Ireland and Scotland leave….

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