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[Yahoo! Finance]

What to Watch: Pound under pressure, sales rise for Vimto and Mr Kipling makers, and gambling crackdown

UK inflation for June is due at 9.30am, with economists expecting it to remain steady at 2 per cent.

Yahoo! Finance: What to Watch: Pound under pressure, sales rise for Vimto and Mr Kipling makers, and gambling crackdown

“Inflation in the UK will most probably remain at 2 per cent, in line with the Bank of England’s target rate supported by stronger-than-expected wage growth and somewhat negatively the weaker Pound, which is driving up input prices,” said Stephen Hubble, Chief Analyst at fintech company Centtrip.

“The BoE has been stuck in a wait-and-see mode for some time now as a result of the ongoing Brexit impasse, but if inflation lingers around the target, it may push the UK central bank into action.”

House price data from the Office for National Statistics will also be released alongside the inflation data.

Read full coverage: Yahoo! Finance

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