by Craig Wilson
Daily Reckoning
Here are your 5 financial charts to cap off the week (plus some peculiar bonus charts at the end).
Let’s get the chart lines rolling…
UK Inflation Expectations at Record Highs
[…] Sourced via Bloomberg.
The Brits seem to have joined the “low inflation expectations” club (recall last weeks discussion on dollar inflationary expectations). The UK’s pound dropped considerably over the past month following major international concern that it would have a “hard exit” from the European Union. The chief fear is that the UK would place harder controls on immigration flows and its legal systems. This would cause business and production trade patterns to have considerable disruptions. The pound has hit record lows against the U.S dollar – and has left UK inflation expectations at an all time high.