U.K. Pound, Bond Yields Fall After Weaker-Than-Expected Inflation Data -- WSJ

Dow Jones12-17 17:42

By WSJ Staff

U.K. bond yields and the pound fell after weaker-than-forecast inflation data that made the Bank of England look all but certain to cut interest rates tomorrow.

-- Britain's annual rate of inflation came in at 3.2% last month, the lowest since March and down from 3.6% in October. The data were released as Bank of England officials prepare to vote on rates, with a decision due Thursday.

-- The pound lost 0.7% against the dollar, and also weakened against the euro. Ten-year gilt yields touched a low of 4.4%, before edging up toward 4.47%.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

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December 17, 2025 04:42 ET (09:42 GMT)

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