Uk Inflation fell to 3.4% in May which was largely in line with expectations and represents a fall from April’s 3.5% number. The move was small but certainly remained in positive trajectory back to the official target of 2% and should reassure consumers of continuing price stability on the high street. However, the data coming in line with expectations does little to prompt the Bank of England into making an emergency 0.25% cut to the UK interest rate given a cut of 0.25% was made last month. The UK’s Central bank remains alert to a deteriorating employment and economic growth picture which would prompt more cuts to the UK’s base rate.