Inflation in Britain held steady in June at 2 percent from a year earlier, with a rise in consumer prices offset by cheaper clothing and higher hotel room rates.
Investors are closely observing inflation and wage growth figures as the Bank of England considers a potential interest rate cut in August, with June's inflation data coming in slightly higher than anticipated.
Economists had expected core inflation, excluding energy and food prices, to decline, but it remained at 3.5 percent in June, leading to a decrease in bets on an August rate cut to about 35 percent.
Inflation in the services sector, especially hospitality, remained stable at 5.7 percent in June, contrary to expectations for a decrease, driven by rising wage costs which can be challenging to reverse once increased.
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