As the U.K. approaches its budget announcement, the release of inflation data is capturing significant attention from the markets. Investors and traders alike are keenly observing for any indications that might influence future monetary policies or fiscal strategies.
Market participants are particularly interested in whether this data will affirm recent business surveys suggesting mounting price pressures or if it will support the Bank of England’s dovish expectations, despite the central bank’s recent "hawkish hold" announcement last week.
Here’s a look at what’s anticipated in this crucial report.
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