UK Inflation Slows More Than Estimated
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LiveUpdated1m agoUK Inflation Slows More Than EstimatedUK headline inflation slows to 3.2%, undershooting expectations and sending the pound to a low for the dayJoin the Markets Today team for news and analysis vital to UK markets. Email us at marketstoday@bloomberg.net1m ago Traders are significantly ramping up their bets on BOE cuts next year on the undershoot in inflation. A cut tomorrow has moved closer to being fully priced, and 67 basis points of reductions are now being priced by the end of 2026. That’s about nine points higher than at the start of trading. Keep a close eye on the gilt open, as this is likely to feed in across the curve, and most significantly for the policy-sensitive two-year. Sam UnstedUK Markets Today, LondonCopied