Positive signs on inflation lift mood
Evening Standard|September 08, 2022
MARKETS rallied and the pound held its own as traders welcomed tentative signs that inflation pressures will ease thanks to a coming freeze on household energy bills.
Graeme Evans
Positive signs on inflation lift mood

The optimism came as the weaker demand outlook pushed Brent crude down to $88 a barrel, while natural gas futures are at a one-month low in Europe as policymakers pursue initiatives including price caps to tackle the energy crisis.

The slight softening in prices from this summer's highs has boosted hopes that the US Federal Reserve might be able to step off the pace of interest rate hikes.

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