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Digital Subscriptions > > Drop in UK inflation knocks rate rise hope

Drop in UK inflation knocks rate rise hope

News

• The unexpected decline sent the pound spiralling as currency traders changed their outlook on rates

• Political uncertainty in the UK is also creating volatility in the pound and inflation

What’s the story? In June, UK inflation fell month on month for the first time since April last year, reducing the likelihood of an August interest rate rise.

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