The Zhitong Finance App learned that the UK inflation rate fell to its lowest level in eight months, exceeding expectations. Traders think this is almost certain that the Bank of England will cut interest rates on Thursday. The UK Office for National Statistics said on Wednesday that the CPI rose 3.2% year on year in November, down from 3.6% last month. This was mainly due to falling prices of some foods such as cakes, cookies, and breakfast cereals. It was lower than the 3.5% expected by economists and the 3.4% forecast by the Bank of England.

The Zhitong Finance App learned that the UK inflation rate fell to its lowest level in eight months, exceeding expectations. Traders think this is almost certain that the Bank of England will cut interest rates on Thursday. The UK Office for National Statistics said on Wednesday that the CPI rose 3.2% year on year in November, down from 3.6% last month. This was mainly due to falling prices of some foods such as cakes, cookies, and breakfast cereals. It was lower than the 3.5% expected by economists and the 3.4% forecast by the Bank of England.