UK recession cannot be discounted
Pound lower against dollar and euro
Driven by drop in air fares
Remained unchanged between January and February
What made financial headlines over the weekend?
No change from previous month
Refused to confirm next rate move will be upward
Third consecutive month of increases
Up from 0.1% in November
The Bank of England Monetary Policy Committee (MPC) has voted 8-1 to hold rates at 0.5%, predicting that inflation would stay below 1% until the second half of next year.