UK inflation falls back

This morning’s UK inflation figures have fallen slightly – with CPI inflation down to 5% from 5.2% last month.

The Pound fell a little after the data was released, but analysts’ expectations of 5.1% were very close to the actual figure, so there has been no major impact on sterling, which had strengthened overnight against the Euro but fallen against the US dollar.

Tomorrow we have UK unemployment at 9.30am.