Newscasts - UK Day Ahead: Big UK inflation drop bolsters bets on Bank of England cuts early next year

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20/12/2023 15:30

Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_dzmqvkeq&referenceId=1_dzmqvkeq&pageId=Newscasts
Source: 'Reuters - Business videos'

Description: British inflation plunged in November to its lowest rate in over
two years, prompting investors to pile further into bets that the Bank of
England will cut interest rates in the first half of next year.. Britain's
consumers have shown signs of caution as the burden of high interest rates and
still elevated inflation hurt their spending power. CBI data for December on
Thursday will give an early sense of how shoppers are going into the Christmas
period.
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