UK Inflation Falls Unexpectedly Putting Rate Rise in Doubt

UK headline inflation fell to 6.7%, down from 6.8% against expectations of a rise to 7.3%. The positive surprise puts pressure on the Bank of England to leave rates unchanged when it meets on Thursday. The pound fell against the dollar on Wednesday morning as markets price in an increased chance of a pause in the UK. This is positive news for real estate markets where the lack of visibility about where interest rates settle is holding back investment decisions.