The UK's Consumer Price Index (CPI) year-over-year rate dropped to 2.8% in April, down from 3.3% in March, according to Cinnober Data. This figure fell short of the 3.0% forecast by economists. Analyst James Smith from ING noted that the lower inflation rate, coupled with weak employment figures, diminishes the likelihood of a significant interest rate hike by the Bank of England.
Investor sentiment has shifted following the data release, with the London Stock Exchange Group reporting a decrease in the probability of a Bank of England rate hike in June to 19%, down from 42% prior to the latest employment and inflation figures.
UK Inflation Falls to 2.8% in April, Reducing Rate Hike Expectations
Avertissement : Le contenu proposé sur Phemex News est à titre informatif uniquement. Nous ne garantissons pas la qualité, l'exactitude ou l'exhaustivité des informations provenant d'articles tiers. Ce contenu ne constitue pas un conseil financier ou d'investissement. Nous vous recommandons vivement d'effectuer vos propres recherches et de consulter un conseiller financier qualifié avant toute décision d'investissement.