UK inflation data offered some relief ahead of this week’s Bank of England meeting, with headline CPI holding steady at 2.8% yoy in May, below expectations for a rise to 3.0% yoy. On a monthly basis, CPI slowed sharply from 0.7% mom to 0.2% mom, also undershooting forecasts of 0.4% mom. Core inflation edged higher […]The post UK Inflation Holds at 2.8% as Goods Disinflation Offsets Services Pressure appeared first on ActionForex.