Inflation

UK CPI inflation dropped to 2.2% in October, a larger-than-expected fall that sent sterling to a two-month low against the dollar.

INFLATION

ANNUITIES

UK consumer prices index (CPI) inflation remained stable in September at 2.7%.

UK CPI inflation fell from 2.8% to 2.7% in August, in line with economists' expectations, as falling transport costs pushed the headline figure down.

Official consumer prices index (CPI) inflation is expected to dip this week when official figures are released.

A senior European Central Bank(ECB) policymaker has issued a fresh warning that the impact of the US Federal Reserve reducing its massive stimulus programme might exceed that of 1994.

Sterling dropped and then recovered sharply minutes after new Bank of England Governor Mark Carney told the world he has no plans to raise rates any time soon, but was upbeat on UK growth.

Mark Carney has moved to defend the Bank of England's 'forward guidance' policies and said further stimulus may be necessary keep the UK economic recovery on course.

The UK's headline inflation rate fell back to 2.8% in July, matching analysts expectations, the latest data has revealed.