Changing Alliances

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Good news!

UK inflation has hit its lowest rate since 2021 at 3.4 percent.

This is below the 3.5 percent predicted in a Reuters poll and also below January’s 4 percent.

Good news, indeed.

However, the Bank of England’s Monetary Policy Committee (MPC) met yesterday and as expected they’ll hold rates at the 16-year high of 5.25 percent.

That said, if rates are lowered in future my belief is that this will be a welcome relief to the market and we’ll see a sharp rally in stock prices.