🔥 UK inflation 🇬🇧 fell to the Bank of England's 2.0% target in May.

Core inflation, which excludes energy, food, alcohol and tobacco, was at 3.5%, down from 3.9% in April.

The Bank of England will meet on Thursday to deliver its latest decision on interest rates and provide its view on the future path of inflation.

It is likely that they will keep interest rates steady at 5.25%, a level that has been held since August 2023 when inflation was at 7.9%.

Now, 63 economists surveyed by Reuters last week said they expected a rate cut in August, while the market predicted a rate cut in September.

Britain will also have national elections in July.

Europe has reduced interest rates, Canada has reduced interest rates, the UK is also preparing to reduce, now we just wait for the FED.