0709 GMT - U.K. inflation for May came in below-forecast, easing concerns about inflationary pressures and lowering the chance of the Bank of England raising interest rates in the coming months, Quilter's Lindsay James says in a note. Annual headline inflation was unchanged at 2.8%, below the consensus forecast of 3.0% inflation by economists in WSJ poll. Weaker-than-expected U.K. inflation, combined with a calmer situation in the Middle East, reduce the possibility of a BOE rate hike, James says. Investors fully price in a quarter-point BOE rate increase in December, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
June 17, 2026 03:09 ET (07:09 GMT)
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