According to ChainCatcher and Jinshi data, Richard Flax, the chief investment officer of Moneyfarm, stated in a report that the data showing a moderate decline in UK inflation in February is unlikely to alleviate fiscal pressure.

The annual overall inflation rate in the UK dropped from 3.0% in January to 2.8% in February, slightly more than expected.

Flax said that the UK Chancellor might feel slightly relieved by the continued moderation of inflation, but this modest decline does little to ease fiscal pressure.

He also noted that tariff risks could potentially increase import costs, drive up inflation rates, and thus limit the Bank of England's room for interest rate cuts.