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UK inflation unexpectedly surged to its highest level since January 2024, driven by the Labour government’s budget impact on grocery prices. Meanwhile, ASML shares plummeted after the company revised its growth forecast due to global trade tensions.
- UK inflation hits highest level since January 2024, driven by Labour's budget impact on grocery prices.
- ASML shares plunge 34% over the past year after CEO revises growth forecast due to trade disputes.
- Bank of England faces pressure to adjust interest rates amid rising inflation and economic uncertainty.
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