Allegra Stratton: Will All the Political Pain Save Starmer?

UK headline CPI is likely to have accelerated in July, keeping the Bank of England on edge and raising the probability of further tightening that would push gilt yields higher and weigh on real incomes. That backdrop could pressure UK consumer discretionary and discount retailers and prompt more hawkish pricing in money markets.

Analysis

UK headline CPI is likely to have accelerated in July, keeping the Bank of England on edge and raising the probability of further tightening that would push gilt yields higher and weigh on real incomes. That backdrop could pressure UK consumer discretionary and discount retailers and prompt more hawkish pricing in money markets.