Inflation held steady at 2.6% in July, unchanged from the previous month, despite forecasts of a rise to 2.7%, according to the latest monthly figures from the Office for National Statistics (ONS).
While inflation it remained steady, it still sits above the Bank of England's 2% target. Motor fuel prices provided the biggest downward contributor, falling 1.3% between June and July, its fifth month...
The US dollar is close to peaking and the risks now seem to be on the downside.
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