A softer-than-expected UK inflation print helps ease pressure on interest rates.

UK inflation fell from 3.3% in March to 2.8% (its lowest level in more than a year), as services inflation eased to 3.2% (its lowest since January 2022).

This, together with lower oil prices, has contributed to a fall in yields on government bonds, with the 10-year currently trading at 5.03%.

(FT headline below.)

#economy #markets #uk #inflation