UK Inflation remains above upper BoE limit

UK Inflation remains above upper BoE limitInflation in the United Kingdom continues to present high risk for the recovery and fuel the split among MPC members. According to ONS data today, inflation in September was flat down from August's rise on 0.5% though on annul basis remained steady at 3.1% as expected. Core inflation was above expectations at 2.7% down though from the previous