UK Inflation Slows, Low Rate Cut Expectations for Tomorrow, U.S. Markets Closed Today
Today lacks significant events apart from the UK inflation data. The UK Consumer Price Index (CPI) confirmed a slowdown to a 2.0% annual increase, as expected. Service inflation slowed to 5.7% from 5.9% but remains high. Expectations for a rate cut by the Bank of England (BoE) at tomorrow’s Monetary Policy Committee (MPC) meeting remain […]