UK CPI dropped to 2.8% in February, the lowest since 2021, raising expectations for rate cuts later this year.
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UK CPI dropped to 2.8% in February, the lowest since 2021, raising expectations for rate cuts later this year. This shift could benefit interest-rate sensitive sectors like real estate, utilities, and consumer discretionary, which tend to perform well as borrowing costs fall. At the same time, inflation-resilient sectors such as energy, commodities, and healthcare remain important as core price pressures and energy volatility persist. The pound fell on the news with the FTSE 100 rallying.
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