Tatsiana Ketrar
The inflation processes in the British economy escalated in March. The CPI grew by 3.5% against February’s 3.4%. The Core CPI gained 2.5% against February’s 2.4%.
The major factors of the consumer inflation growth are higher foodstuff prices (0.1%) and more expensive clothing and footwear (0.08%). A decline in fuel and transportation prices smoothed the increase a little.
It should be note that consumer prices have gained 16% since 2008, which is twice as high as in the US and other EU countries. Lower income and higher prices make British household be thriftier.
Forex.
According to , GBPUSD keeps retracing against the long-term uptrend. The closest levels of resistance are 1.5984 and 1.6045. A break below 1.5804 will initiate a bigger-scale downswing - wave А/В of Weekly. The Mf pivot 1.5769 will become the closest level of support.
Tatsiana Ketrar
