Bar for Upside UK Inflation Surprises Seen Getting Higher0830 GMT - The underwhelming U.K. reaction to inflation hitting a 30-year high of 5.5% in January shows the bar is getting higher for hawkish surprises, Mizuho says. Sterling markets were underwhelmed by the modest inflation upside surprise, with gilt yields trading lower, analysts at the Japanese bank say. "The bar for data to surprise the market is getting higher, which is something that market participants need to be aware of in other markets as well," they add. ---Safestore 1Q Revenue, Occupancy Rose on Strong U.K. (sabela.ojea@wsj.com; @sabelaojeaguix)Contact: London NewsPlus, paul.larkins@wsj.com(END) Dow Jones NewswiresFebruary 17, 2022 03:47 ET (08:47 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal February 17, 2022 15:00 UTC