UK Services Inflation Rate (Jan) Y/Y 4.4% (exp. 4.3%, Prev. 4.5%)
The UK services inflation rate for January came in at 4.4%, slightly above expectations of 4.3%, but down from the previous month's 4.5%.
Iran and Russia are reportedly said to conduct navy drills in the Sea of Oman and Northern Indian Ocean on February 19th
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UK Services Inflation Rate (Jan) Y/Y 4.4% (exp. 4.3%, Prev. 4.5%)
Newsquawk Daily European Opening News - 18th February 2026
ECB says that Lagarde remains committed to her role and has not made a decision on her departure
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This reduction may indicate a deceleration in inflation pressures within the services sector, which could influence the Bank of England's policy considerations, particularly regarding future rate decisions as they balance growth and inflation dynamics.
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