UBS Investment Bank economists said in a report that the UK inflation rate is expected to accelerate after slowing in June and may peak at 3.3% in November. The possibility that the Bank of England will raise interest rates in the next few months has declined.

UBS Investment Bank economists said in a report that the UK inflation rate is expected to accelerate after slowing in June and may peak at 3.3% in November. The possibility that the Bank of England will raise interest rates in the next few months has declined.