Shares have rallied after the UK’s annual inflation rate fell by more than expected to its lowest level since March 2022.
Sterling dipped below the $1.30 threshold after June’s 7.9% reading eased some of the pressure on the Bank of England to deliver another outsized hike in interest rates at its August meeting.
Mining giant Rio Tinto’s second quarter production figures and an update by Severn Trent are among today’s corporate highlights.
