🎯 UK inflation hits the Bank of England's 2% target for the first time in 3 years! But don't expect an immediate rate cut, traders are eyeing August for potential changes. Wage growth and services inflation remain high, complicating the Bank's decisions. 📈

European stock markets showed mixed reactions, with minor increases in the FTSE index, Germany's DAX, France's CAC 40, and Italy's FTSE MIB. Investors are cautiously awaiting the Bank's decision. 🌍

Across Europe, inflation trends vary. The Swiss National Bank may cut rates, while the European Central Bank has already started reducing rates. The UK, however, is taking a more cautious approach. 🏦

The UK's economic challenges are unique, with high services inflation and wage growth. Policymakers are closely monitoring these factors for future rate cuts. An August rate cut is still possible, but the political landscape and upcoming national vote add complexity. 🇬🇧

In short, the UK's economy is at a critical point. Inflation is on target, but pressures persist. The stock market and European peers are watching closely, with August potentially being a turning point. 🎢 #UKInflation #EconomicUpdate