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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
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Penson Macro: The impact of the "Taylor Swift" tour may not have been fully accounted for in UK service sector inflation data.
On July 17th, Panson Macro analyst Rob Wood said that the service industry inflation rate in the UK in June was 5.7%, 0.6% higher than the previous forecast of the Central Bank of the UK, supporting the view that the Central Bank will wait until September to cut interest rates. However, the surge in hotel and live music event prices has driven this unexpected rise, and these prices may fall back. Without the surge in these components, service industry inflation will slow down, and overall inflation will also slow down. However, if the data was collected on the day of Taylor Swift's event in Cardiff on June 18th instead of on June 11th, then the surge in hotel prices would undoubtedly be unstable, but the potential impact may be greater than people imagine.