LONDON (MarketWatch) -- U.K. consumer price inflation accelerated to an annual rate of 4.4% in July from 4.2% in June, according to data released Tuesday by the Office for National Statistics. The increase was due to upward pressure from a number of areas, including higher housing rent and rising fees in financial services. Economists had, on average, been expecting inflation to reach a 4.3% annual rate. The inflation rate continues to run well above the Bank of England's target rate of 2%. The British pound showed little reaction to the data and was last down 0.2% to $1.6345.
Don't worry about inflation. It only affects the poor and the elderly on fixed incomes. QB
10 investing rules tailor-made for tough markets
SAN FRANCISCO (MarketWatch) — Rules may be meant to be broken, but with investing, ignoring the rules can break you.
Especially now. There are some investing rules that are tailor-made for tough times, allowing you to stick to a plan when you need it most. Indeed, a rulebook is important in any market climate, but it tends to get tossed when stocks are soaring — or plunging.
A timely set of rules comes from a former Wall Street strategist, Bob Farrell, who pioneered the technical analysis of stock movements. Farrell also broke new ground using investor sentiment figures to better understand how markets and individual stocks might move.