Data on UK inflation zaimeli a nasty habit of being above expectations. The October data released this morning, yet another proof of that: 3.2% compared with last year, against expectations that inflation will remain stable at 3.1%. For two years, almost two thirds of the reports showed no real change in the dynamics of inflation in Britain. The same applies to the Bank of England, whose inflation forecasts are much more likely underestimated the inflationary forces in Britain. Letter from bank manager to the Minister of Finance - because it exceeds the inflation target over the past three months - once again pointed to the temporary nature of price growth and future inflation. However, the market is increasingly difficult to swallow, that's why we saw the first surge in the pound, and then a strong reversal down. There are reasons to love the pound, but now a lot of risks, both in terms of economy and on the political front, so that, in our opinion, the pound will remain volatile.
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