UK Inflation Cools in Boon for Reeves, Hutchison to Proceed With Port Deal | The Opening Trade 03/26
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UK inflation unexpectedly cooled, strengthening the case for the Bank of England to cut interest rates again in May and providing a morale boost for Chancellor of the Exchequer Rachel Reeves ahead of a key economic statement later today. CK Hutchison's plan to sell two Panama ports to a BlackRock Inc.-led group is moving ahead as scheduled, people familiar with the matter said, in a sign that negotiations have not yet been disrupted by China’s anger over the transaction. The Opening Trade has
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