BOE Inflation Report: UK inflation to peak at 2.82% in Q4 2017

Latest BOE Inflation Report now out 11 May
– inflation peak revised from 2,75% in Q2 2018
– inflation May 2017 2.64% vs 2.72% prev f/cast in Feb
– 2 years time 2.20% vs 2.56% prev
Initial reaction is lower pound on the inflation rate peaking this year and lower GDP f/cast.