The inflation rate in the UK surged to 10.4% in February, pushed up by higher food prices and pricier drinks in pubs and restaurants, official data showed on March 22, a day before the Bank of England (BoE) unveils its latest interest rate decision.
The UK's central bank is due to announce on March 24 whether it has raised interest rates for the 11th meeting.
Reportedly, investors split on whether it will pause its run of increases in borrowing costs due to the recent upheaval in the global banking sector.