Reuters was ahead of the competition reporting UK inflation figures as consumer prices rose by a more-than-expected 8.7% last month and a closely watched measure of core inflation surged to a 31-yer high. UK’s main stock indexes fell, British government bond prices plunged, and the pound rose slightly after the data that was seen raising the chances of another interest rate hike from the Bank of England.
Economy
24 May 2023, 5:14 pm 1 minute
Market Impact
UK’s main stock indexes fell, British government bond prices plunged, and the pound rose slightly after the data that was seen raising the chances of another interest rate hike from the Bank of England.
Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: Economy & Policy
Regions: Europe
Countries: UK
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
Share this article
Sign up for email updates
Subscribe
Sign up for email updates