0959 GMT - Stronger-than-expected U.K. inflation data cause investors to reduce their expectations of an interest-rate cut by the Bank of England as early as March. Money markets now price in a 15% probability of an interest-rate cut in March, down from 25% chance priced in on Tuesday, LSEG Refinitiv data show. Data showed U.K. annual inflation rose to 3.0% in January from 2.5% in December. "The [inflation data] could constrain the BOE's ability to lower interest rates in the near term," Daniela Hathorn from Capital.com says in a note. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 04:59 ET (09:59 GMT)
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