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%. Prices for transportation, and recreation and culture have made them more high. The bottom line is that over the past two years, inflation has exceeded the expectations of the City, almost two-thirds times in the last year it did not feel that there is a tendency to decline. So it seems that inflation is a surprise in store for us. Sterling responded positively and has grown to half figures, but overall, it seems that the currency remains volatile because of uncertainty with the probability of further QE, as well as the impact on Britain of the situation in Ireland.
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