The UK consumer price index fell from 3.6% to 3.2% in November, mainly driven by falling food, alcohol and clothing prices; the market expected the Bank of England to cut interest rates on Thursday, and the pound fell by about 0.7% as a result.

The UK consumer price index fell from 3.6% to 3.2% in November, mainly driven by falling food, alcohol and clothing prices; the market expected the Bank of England to cut interest rates on Thursday, and the pound fell by about 0.7% as a result.