Market insights

UK Inflation At 1.7%

A 1.7% inflation rate almost nails on a rate cut by the Bank of England in November.

The big question is how big the cut might be.

The extent of the cut could be led by the ECB tomorrow as they announce their interest rate decision.

Lower air fares and petrol prices are cited as the driver for the drop in inflation.

So it will be all eyes on tomorrow now to see any market volatility.

Ahead of that there is the Australian unemployment rate in the early hours of tomorrow where analysts expect the rate to sit at 4.2%.

Business news continues analysis of the upcoming budget with £40 billion of tax hikes and spending cuts are expected.

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Economic calendar

AUS: Thursday 01:30 Unemployment Rate

As ever we look forward to keeping you in the loop and look out for our next update.

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