KPMG chief economist Yael Selfin said UK July CPI rising from 2.6% to 2.9% is unlikely to prompt a Bank of England rate hike, as domestic price pressures ease, core inflation slowed and services inflation fell from 3.6% to 3.4%, with rates expected to remain unchanged for the rest of 2026.
Jin1008/19, 02:07 PM
Related assets
Coming up for GBP/USD
Explore next
Latest GBP/USD news
FirstSquawk10/23, 06:23 PM
FirstSquawk10/23, 06:21 PM
FirstSquawk10/23, 03:30 PM
UK Services PMI for October rose to 53.1, above the 51.8 expected.