Interest Rates
UK inflation holds at 2.8% as Iran war impact proves milder than feared
The UK's inflation rate held at 2.8% in May, defying forecasts of a 3% increase as firms showed limited pricing power despite global energy supply concerns.
Gold slips as global banks diverge on bullion amid Fed uncertainty
Gold prices have slipped as investors weigh shifting Federal Reserve policy and conflicting outlooks from global financial institutions. The market remains volatile as participants monitor interest rate expectations and central bank demand.
The economy is strong yet consumer sentiment is rock bottom
While traditional economic indicators suggest stability, households are struggling with record debt levels and inflation, leading to public pessimism.
UK inflation eases to 2.8 percent as Bank of England holds rates at 3.75 percent
The UK's headline Consumer Price Index stood at 2.8 percent for the 12 months to May 2026, leading the Bank of England to hold interest rates at 3.75 percent.
UK inflation remains unchanged at 2.8 percent in May
The Consumer Prices Index remained unchanged in May, as cooling grocery costs were balanced by sharp hikes in transport prices. Experts are now monitoring the Bank of England's next interest rate decision amid energy price uncertainty.