Inflation, which measures the rate of price increases over time, remains above the Bank of England's 2% target.

Inflation in the UK will fall back to the 2% target by the end of the year, as a weak jobs market results in smaller pay rises, according to the International Monetary Fund’s latest forecasts.

UK October CPI inflation slowed to 3.6% YoY, signaling a peak and supporting expectations for continued disinflation into 2026. Housing & household services, especially energy, drove the deceleration, ...

"We expect headline CPI to get to 2% and even temporarily dip below in April. That should unlock further rate cuts in March ...

The British pound has plunged in the past few days as the recent bullish momentum faded. The GBP/USD exchange rate dropped to a low of 1.3490, its lowest level since June 23. It has plunged by over ...

LONDON, Nov 18 (Reuters) - It is conventional wisdom to say Britain has an inflation problem. But fears over "sticky" CPI may have finally peaked. At first glance, this suggestion might look a little ...

By Suban Abdulla and William Schomberg LONDON, Jan 20 (Reuters) - Britain's jobs market weakened in the run-up to November's ...