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U K inflation drops to 2 3%, but interest rate cuts aren t expected until November

The figure is close to the Bank of England's 2% target, but was still higher than analysts had expected.

United kingdomCity ofDarren jonesAndrew baileyYael selfinDan hansonChristine lagardeBloomberg televisionOffice for national statisticsEuropean central bankLabour partyMonetary policy committeeConsumer prices indexNational statisticsEuropean centralAna andrade

Strong UK inflation diminishes hopes for June rate cut

Stronger-than-expected British inflation prompted traders to sharply pare back bets on interest rate cuts and denied Prime Minister Rishi Sunak a totemic economic victory. The Consumer Prices Index rose 2.3 percent from a year ago in April, the Office for National Statistics said on Wednesday, compared with 2.1 percent forecast…

City ofUnited kingdomAndrew baileyYael selfinDan hansonDarren jonesChristine lagardeOffice for national statisticsLabour partyBloomberg televisionEuropean central bankMonetary policy committeeStronger than expected britishPrime minister rishi sunakConsumer prices indexNational statistics

Why a summer interest rate cut is still in play despite inflation shocker

Bank of England could yet defy market gloom to slash borrowing costs

United kingdomBen broadbentPaul dalesAndrew baileyTony blairYael selfinGeorge moranRob woodBank monetaryInternational monetary fundBank onBank rateRishi sunakPrime ministerDowning streetMonetary policy

Bank of England will cut interest rates in August, says Goldman Sachs

Interest rates will be cut in August, according to major investment banks, even after inflation came in higher than expected last month.

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Pound Euro Exchange Rate Falters Amid Rising UK Unemployment

Pound Euro Exchange Rate Falters Amid Rising UK Unemployment
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United kingdomYael selfinAchim wambachPound euro exchange rateNational living wageWeak jobsChief economistEuro exchange rate forecastEurozone industrial production

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