date:Jun 18, 2014
term, said Samuel Tombs, an economist at Capital Economics Ltd. in London. Against this low inflation backdrop, we believe the MPC is likely to tread cautiously and raise interest rates only very gradually over the coming years.
The pound fell after the data and was trading at $1.6955 as of 10:02 a.m. London time, down 0.2 percent on the day.
Money-market investors see less of a chance of an increase in the BOEs benchmark interest rate in January than before the inflation data, according to fo