Modest UK CPI inflation reduces the likelihood of a 50 basis point BoE rate hike

Share: UK CPI rose 7.9% year-on-year in June, versus 8.2% expected. UK monthly CPI inflation fell to 0.1% in June vs. the expected 0.4%. GBP/USD dips below 1.3000 on soft UK CPI. The UK’s annual consumer price index (CPI) rose by 7.9% in June, slowing sharply from the 8.7% increase recorded in May, […]