Investors will be looking at UK inflation data on Wednesday as a guide to the path for interest rates this year.
Economists polled by Reuters forecast that annual inflation will ease to 3.1 per cent in March, down from 3.4 per cent in February and the lowest since mid-2021. Analysts expect core inflation, which strips out energy and food prices, to slow to 4.3 per cent from 4.5 per cent in the previous month.
That would leave UK inflation above the Bank of England’s 2 per cent target, which may help persuade the central bank not to make extensive rate cuts this year.
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