FTSE 100 Live 22 May: UK inflation rate, British Land, M&S, Severn Trent results

UK inflation will be the main item of business in the City today, with CPI figures from the ONS expected to show the rate of price rises falling close to the 2% target. Meanwhile, M&S, British Land and Severn Trent will be reporting results. 06:51 , Daniel O'Boyle The UK’s inflation rate is expected to fall to 2.1% when figures are published this morning, bringing it near the Bank of England’s 2% target. If it does, that is likely to prompt further calls for the Bank of England to cut interest rates as soon as possible. Read our preview of the potentially ‘momentous’ reading here

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