UK Inflation Data Triggers Sterling Slump and Shift in BoE Rate Cut Expectations

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<p>Sterling faced a broad decline today following release of UK CPI data, which indicated that inflation slowed more significantly than anticipated. This unexpected deceleration in inflation has led markets and economists to quickly adjust their expectations for BoE rate cut. The markets are now fully pricing the first 25bps reduction as early as May, with […]</p>
<p>The post <a href="https://www.actionforex.com/action-insight/market-overview/532628-uk-inflation-data-triggers-sterling-slump-and-shift-in-boe-rate-cut-expectations/">UK Inflation Data Triggers Sterling Slump and Shift in BoE Rate Cut Expectations</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>