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U.K. FIG Edges Down

A gauge of future inflation pressures in Britain was barely changed in September compared with August but slightly below year-ago levels, the Economic Cycle Research Institute said on Friday.

New York-based ECRI said its British future inflation gauge (UKFIG) was 108.1 in September, essentially unchanged from 108.2 in August and compared with 108.6 a year ago.

"With the UKFIG still only a little below last October's four-year high, UK inflation pressures are still simmering," ECRI said in the report...