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Surprise inflation figure dashes hopes for June cut

Pound to Euro Rockets to 2-Month Best as Snap UK General Election Called

Pound to Euro Rockets to 2-Month Best as Snap UK General Election Called | Currency News UK

Inflation ahead of expectations in blow for June rate cut hopes

Inflation fell to its lowest level since July 2021 on the back of falling energy prices, but still came in ahead of expectations.

U.K. inflation drops to 2.3%, but interest rate cuts aren't expected until November

The figure is close to the Bank of England's 2% target, but was still higher than analysts had expected.

Strong UK inflation diminishes hopes for June rate cut

Stronger-than-expected British inflation prompted traders to sharply pare back bets on interest rate cuts and denied Prime Minister Rishi Sunak a totemic economic victory. The Consumer Prices Index rose 2.3 percent from a year ago in April, the Office for National Statistics said on Wednesday, compared with 2.1 percent forecast…

Why a summer interest rate cut is still in play despite inflation 'shocker'

Bank of England could yet defy market gloom to slash borrowing costs

Bank of England will cut interest rates in August, says Goldman Sachs

Interest rates will be cut in August, according to major investment banks, even after inflation came in higher than expected last month.

Pound Euro Exchange Rate Falters Amid Rising UK Unemployment

Interest rate cut prospects threatened by pace of wage growth

Euro pound (EUR/GBP) edges higher amid UK labour market concerns | Euro Exchange Rate News