Bank of England Governor Andrew Bailey today insisted “the corner has been turned” on inflation after two consecutive monthly falls in the rate of price rises.
Mr Bailey was speaking in Wales the day after the Consumer Prices Index fell to 10.5% for December, down from 10.7% in November and a 41 year high of 11.1% in October.
Meanwhile, the Christmas trading performances of Deliveroo, Boohoo and Dunelm are in the spotlight today during another busy session for corporate updates.
Deliveroo boss Will Shu said the food delivery business had seen a significant improvement in profitability, while Dunelm told investors that it expected profits ahead of market expectations. Boohoo reported a performance in line with hopes.
