On Wednesday, the financial world is set to focus on Britain's consumer price figures, as expectations of a 4% inflation rate loom large. This figure, predicted to be the highest among major economies, poses a threat to hopes for a Bank of England rate cut.

The potential for an inflation rate increase casts uncertainty over the bank's policy moves, with divisions among policymakers on how aggressively to address economic challenges. Finance Minister Rachel Reeves is set to unveil budget adjustments aimed at mitigating living costs while focusing on economic growth.

Meanwhile, global financial markets are adjusting, reflecting both the abrupt fall in gold prices and Japan's stock market movements spurred by the country's proposed stimulus package under new Prime Minister Sanae Takaichi.

See Full Page