Market Pulse
UK inflation eases to BoE's 2% target
Annual consumer price inflation fell to 2% in May from 2. 3% in April, in line with expectations, according to figures released on Wednesday by the Office for National Statistics.
London pre-open: Stocks seen flat as inflation eases to BoE's 2% target
London stocks were set for a steady open on Wednesday as investors mulled the latest UK inflation reading.
Wednesday newspaper round-up: Unsecured household debts, Space Forge, Nvidia
UK households are expected to rack up extra unsecured debts of more than £1,600 this year, including on loans and credit cards, as the cost of living crisis continues to bite, according to a TUC analysis. The TUC said its analysis showed that unsecured household debt – including loans and credit cards but excluding mortgages and, for this exercise, student loans – was on course to increase by 9. 4%, or £1,660, in real terms on average per household this year.