The firm notes that while inflation rebounded to 3.4%, it was slightly below their 3.5% forecast. They attribute the increase partly to tobacco duty increases and the unwinding of November’s Black Friday discounts. Despite this uptick, they maintain that inflation will likely fall to the 2.0% target by April due to lower regulated price increases.

Britain's jobs market weakened in the run-up to November's budget announcement by finance minister Rachel Reeves and wage growth slowed, data showed on Tuesday, potentially easing the Bank of England's worries about persistent inflation pressures.

The British Pound (GBP) traded with a cautious tone on Tuesday as investors digested mixed UK labour market data. While unemployment held steady, slower wage growth dampened confidence and revived expectations that the Bank of England could move toward interest rate cuts later in the year.

Good afternoon, and welcome to our live coverage ahead of tomorrow’s UK inflation data release. The final week before Christmas is a big one for UK macroeconomic news. Today saw the release of labour market figures showing that UK unemployment rose to 5. ...