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Podcast: Beyond Currency
Episode: 11 September 2023 - Higher oil price expected to push inflation up
Description: The data that is due to be published this week will go a long way towards determining the path for Sterling for the rest of the year.
Tomorrow, the August employment report will be released. It is expected that the claimant count will have increased marginally while earnings have exceeded inflation, meaning that in real terms, people will begin to feel better off.
Inflation is likely to have moved slightly higher since the rising cost of a barrel of oil is reflected in the forecourt price of petrol and diesel. The data will show that the inflation is well on...