UK Latest: Inflation Falls Unexpectedly to Lowest in 18 Months

The transcript discusses the potential for a Bank of England rate hike, with a 70% chance of a quarter-point increase. Mark Cudmore is praised for his accurate prediction of this scenario. Economic indicators are analyzed, showing positive news for the Bank of England, Treasury, and Prime Minister's inflation goals. Market reactions suggest a likely rate hike, though not reaching the peak expectations previously hinted by the Bank's chief economist and governor.

What are the expectations regarding the Bank of England's actions tomorrow?

How does the news mentioned in the text impact the Bank of England and the Treasury?

What is the Prime Minister's top priority according to the text?

What percentage chance do traders give for a Bank of England hike tomorrow?

What hint did the chief economist and the governor of the Bank of England give regarding the peak?