Domestic Traction
Carney's Newfound Credibility Gives Credence to the Pound
There's plenty of risk in assuming a smooth Brexit.
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It's all going the Bank of England's way.
U.K. inflation turned out to be stronger than expected in January so it looks like central bank officials are justified in saying elevated consumer prices will prove a bit sticky. There's still some residual price pressures making their way through the economy from the weakness of sterling after the Brexit referendum, and the recent strength of oil complicates the outlook.