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The UK's inflation number rose for the second time in a row to 2.6%.
Fuel and clothing were seen as the main drivers pushing the rate up.
The reading came in as expected by analysts and almost nails on no rate cut by the Bank of England tomorrow.
This news has supported the Pound in early trading as other central banks move to further cuts.
That includes the US where the FED is expected to slash it's base rate 25 points to 4.5% this evening.
All of this bodes well for Sterling which is basking in the rays of a strong period at the moment.
Maybe there will be a shock tomorrow lunch time.
There's also Eurozone inflation numbers out later this morning when the core annualised growth rate is expected to read 2.7%.
All in all it looks like inflation has been brought under more control over the past couple of years.
Business news covers the UK inflation number whilst also putting a nod towards the Waspi pension decision by the Government who were supportive of a compensation deal when in opposition, but have now decided against it.
EUR: 10:00 Inflation Report
US: 19:00 FED Interest Rate Decision
US: 19:00 FOMC Statement
US: 19:30 FOMC Press Conference
JPN: Thursday 03:00 BoJ Interest Rate Decision
As ever we look forward to keeping you in the loop and look out for our next update.
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