Consumer price inflation in the UK remained steady at 4.0% in January, defying expectations of a rise. The stable inflation rate is seen as positive for the Bank of England, which may now consider cutting borrowing costs from their current high. The inflation is expected to decrease further in the coming months. However, sterling weakened against the dollar and the euro following the release of the inflation data, as investors increased their bets on BoE rate cuts. Read The Rest at :
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