Keep calm and bet on sterlingWhen the BoE meets on Aug 2, policymakers will finally have something to cheer about. Inflation hasn’t accelerated since February and there are signs that widespread price pressures are starting to abate. It’s taken policymakers eight months to bring inflation down to 7.9%, from a peak of 11.1%. Between now and its next meeting in September, the Fed gets two sets of jobs data – and inflation numbers – to pore over. The ECB just hiked rates – as expected – again and the ‘will they’ or ‘won’t they’ lift rates in September debate is well under way.
