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UK inflation drops to its lowest rate in over 2 years

British inflation plunged in November to its lowest rate in over two years, prompting investors to pile further into bets that the Bank of England will cut interest rates in the first half of next year. The annual rate of increase in consumer prices dropped to 3.9% from 4.6% in October, pushed down in part by cheaper petrol, for its lowest reading since September 2021, the Office for National Statistics said on Wednesday. The headline Consumer Prices Index (CPI) inflation reading was below all forecasts in a Reuters poll of economists which had pointed to a figure of 4.4%. ....

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UK interest rates cut hope fuelled as inflation tumbles

The inflation figures have fuelled hopes of cuts in interest rates ....

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Pound to Euro Rate Today: GBP Sides as Markets Forecast May Rate Cut

Pound to Euro Rate Today: GBP Sides as Markets Forecast May Rate Cut
currencynews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from currencynews.co.uk Daily Mail and Mail on Sunday newspapers.

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Bank of England set to hold interest rates as economists debate 2024 cuts

The market is pricing an almost 100% chance of a hold on Thursday, but when the first rate cut will come remains a hot topic. ....

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Wage growth slows as jobs market falters

Wage growth has eased back at the fastest pace for two years, while vacancies dropped further in the longest run of declines on record, according to official figures. ....

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