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London's main stock indexes were subdued on Wednesday, as a stronger-than-expected rise in domestic inflation slightly cooled bets of interest rate cuts from the Bank of England.
Food prices rose at a rate of 4.5% and transport prices rose by 1.7% in the 12 months to June, up from 0.7% in May.
While a post-pandemic burst of inflation has abated across much of the developed world, Britain is still stuck with the highest price growth among big western economies.
Inflation like this can no longer be dismissed as a blip. It’s now a barrier to cutting interest rates.” – Peter Stimson, MPowered Mortgages ...
LONDON, GB / ACCESS Newswire / July 16, 2025 / Powerverse is proud to announce a new strategic partnership with Stevie, the ...