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London Markets: Interest-rate hike expectations still elevated after U.K. inflation unexpectedly slows

Interest-rate expectations took only a minor hit on Wednesday after a softer-than-forecast reading on inflation.

Consumer prices rose 3.1% year-over-year in September, a tick below both expectations and the August reading, the Office for National Statistics reported. The core inflation reading also slowed, to 2.9% from 3.1%.

According to the…

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