UK inflation accelerates sharply to 2.3% in October

Ruth Gregory, the deputy chief UK economist at the consultancy Capital Economics, said much of this overshoot was because of a sharp jump in airfares inflation, reflecting the biggest rise in ticket...

Analysts at Capital Economics said the data “lends some support to our view that the Bank will skip the December meeting and cut rates only gradually” beyond that.

Ruth Gregory, deputy chief UK economist at Capital Economics, said a rate cut of a quarter of a percentage point was likely in November “and rates will be cut at alternative Bank meetings until June...