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Markets Eye US CPI, but Trade Policy May Steal the Spotlight - Cambridgeshire Chambers of Commerce
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Markets Eye US CPI, but Trade Policy May Steal the Spotlight - Cambridgeshire Chambers of Commerce
GBP The UK remains caught between persistent inflation and a cooling labour market. May’s CPI rose to 3.4 per cent, with the Bank of England expecting a peak of 3.5 per cent in Q3. Energy and regulated prices continue to drive the increase, though the BoE maintains its forecast for inflation to return to 2 per cent in 2026. Governor Andrew Bailey’s recent comments have reinforced a cautious stance. While markets had anticipated up to four rate c…
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