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Britain's long-term illness problem is worse than previously thought, aggravating the shortage of workers, adding to risks of higher inflation and making it harder for the government to speed up the slow economy. ....
It could have been worse. Some forecasters were claiming inflation would climb to 4.2 percent in January. So the fact that it remained stuck at 4 percent was a relief, and there s better news on the way. ....
Consumer price inflation in the UK remained steady at 4.0% in January, defying expectations of a rise. The stable inflation rate is seen as positive for the Bank of England, which may now consider cutting borrowing costs from their current high. The inflation is expected to decrease further in the coming months. However, sterling weakened against the dollar and the euro following the release of the inflation data, as investors increased their bets on BoE rate cuts. ....
UK inflation unchanged in January Markets expect BoE rate cut in Q2 GBPJPY pares gains after hitting 8.5 year high UK inflation data this morning will ....
While testifying before the UK Economic Affairs Committee on Wednesday, Bank of England (BoE) Governor Andrew Bailey called the latest inflation data "good news" and noted that it showed more downward pressure than they expected. ....