U.K. Consumer Price Index (MoM) For August 0.3% Vs. 0.3% Est.; -0.2% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Consumer Price Index (CPI) for August increased by 0.3% month-over-month, matching the estimated growth and improving from a -0.2% decline in the previous month.
September 18, 2024 | 6:04 am
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POSITIVE IMPACT
The U.K. CPI for August increased by 0.3%, aligning with expectations and showing improvement from the previous month. This stability in inflation could positively impact the iShares MSCI United Kingdom ETF (EWU) as it reflects economic steadiness.
The U.K. CPI meeting expectations and improving from the previous month suggests economic stability, which is generally positive for ETFs like EWU that track the U.K. market. This could lead to a short-term positive impact on EWU's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80