UK May CPI -0.1% m/m, +2.8 % y/y (from +3.0% y/y in April)

Down from April and expectations of 3.0%, lowest since Dec 2009

RPI unchanged m/m but slips to +3.1% y/y (expected +3.3%), lowest since Dec 2009

Food and fuel largely behind the fall- ONS

Cable’s slipped again to fresh week’s lows around 1.5620 before bouncing…