Inflation is picking up again in the United Kingdom. In June, consumer prices rose by 3.6 percent compared to the same period last year, more than the market's expectations which were at 3.4 percent. This is the highest inflation figure for the British part since January 2024 and is linked, among other things, to rising food prices.
The market's assessment is, however, that the country's central bank, the Bank of England, will lower the interest rate at the beginning of August with another interest rate cut priced in before the end of the year.
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