In World Economy News 17/08/2016
Brexit has pushed the pound down 12 percent on a trade-weighted basis since the European Union referendum on June 23, which will fuel import costs and feed through to consumer prices. The first inflation data to cover the period since the vote will be released on Tuesday. The Bank of England expects to price-gains to accelerate in the coming months, and economists see it bursting through the 2 percent goal in the second quarter of 2017, sooner than projected before the referendum.
Source: Bloomberg
