UK consumer prices fall in line with expectations

The British economy released at 08:30 GMT, its annual reading for the consumer price index for May, which rose by 2.0%, in line with expectations, while lower than the previous reading a rise by 2.1%.

The annual consumer price index excluding energy and food rose by 1.7%, better than expectations for a 1.6% rise, while lower than the previous reading of 1.8%, which is a negative sign for the British economy.