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British annual consumer price inflation fell by much more than expected in November to 3.9% from 4.6% in October, the lowest rate since September 2021, official data showed on Wednesday.... -December 20, 2023 at 02:12 am EST - MarketScreener
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%.
A sharp drop in British manufacturing orders eased a bit this month and factories became a little more optimistic about output in the early part of next year, an industry survey showed on Tuesday.... -December 19, 2023 at 06:10 am EST - MarketScreener
LONDON -Bank of England Deputy Governor Sarah Breeden said on Tuesday she had no pre-determined path for interest rates in mind but that it would be important for policy to stay at restrictive levels...
The Bank of England stuck to its guns on Thursday and said British interest rates needed to stay high for 'an extended period', a day after the U.S. Federal Reserve signalled it would cut U.S....