Inflation & Prices

UK Inflation Surge Prompts Traders to Pare Bets on BOE Cuts

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By Irina Anghel and Tom Rees

May 21, 2025 at 2:05 AM EDT

Updated on

May 21, 2025 at 3:28 AM EDT

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UK inflation jumped more than forecast to its highest rate in over a year as households were hit by a raft of price increases, prompting investors to pare bets on rate cuts from the Bank of England.