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HomeEconomyUK inflation falls by less than expected, heaping pressure on BoE  

UK inflation falls by less than expected, heaping pressure on BoE  

Economy

Reuters was ahead of the competition reporting UK inflation figures as consumer prices rose by a more-than-expected 8.7% last month and a closely watched measure of core inflation surged to a 31-yer high. UK’s main stock indexes fell, British government bond prices plunged, and the pound rose slightly after the data that was seen raising the chances of another interest rate hike from the Bank of England.

Market Impact

UK’s main stock indexes fell, British government bond prices plunged, and the pound rose slightly after the data that was seen raising the chances of another interest rate hike from the Bank of England.

Article Tags

Topics of Interest: Economy

Type: Reuters Best

Sectors: Economy & Policy

Regions: Europe

Countries: UK

Win Types: Speed

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story


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