Brexit chaos and U.K. inflation

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© Reuters.  Brexit chaos and U.K. inflation© Reuters. Brexit chaos and U.K. inflation

  • Theresa May has narrowly avoided defeat over the EU withdrawal bill after Conservative rebels accepted significant concessions from the government on the “meaningful vote” when it returns to the House of Lords next week.
  • Separately, British consumer price inflation unexpectedly held at a one-year low of 2.4% in May, suggesting an interest rate hike may be on the way when the BoE meets in August.
  • ETFs: FXB, EWU, GBB, DBUK, FKU, EWUS, DXPS, HEWU, QGBR, DGBP, FLGB, UGBP
  • Now read: How Will Brexit Confusion Impact The Pound?

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