UK July inflation print disappoints

UK inflation for July comes in at 3.8 per cent year-on-year to dash short-term hopes of an interest rate cut and pile on more pressure on Chancellor Rachel Reeves. Tech stocks are down over A.I. concerns as the White House eyes more equity-acquired stakes in companies enjoying Chips Act funding. A Ukraine peace plan including U.S. security guarantees is developing. President Trump welcomes potential air support from the UK but rules out stationing U.S. troops on Ukrainian soil.   See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.