ECB interest rate decision looms as growth across bloc stumbles and price rises gather pace, up from 2.6% in March and 1.9% in February

The European Central Bank and Bank of England are expected to hold their nerve and stand pat on rates this month.

Inflation jumped in April while the euro zone economy expanded a meager 0.1% in the first quarter of the year, data showed on Thursday.

ECB interest rate decision looms as growth across bloc stumbles and price rises gather pace, up from 2.6% in March and 1.9% in February

The war in Iran has pushed UK Inflation further above the Bank of England's 2% target.

The jump in gas prices has pushed inflation further away from the Fed’s 2% target.