President Donald Trump’s widespread tariffs have increased uncertainty about the outlook across the globe, and BOE officials say that’s more likely to bring inflation rates down rather than push them up.

Donald Trump expected to announce ‘major trade deal’ with UK on Thursday - It would mark the first deal agreed upon since Mr Trump’s ‘liberation day’ announcement of global tariffs last month

President Donald Trump hailed what he said would be "a very big and exciting day" for the U.S. and U.K. on Thursday after earlier touting a "MAJOR TRADE DEAL" that the countries are due to announce. The two sides are expected to outline an agreement on "heads of terms" for an eventual full trade deal,

The Fed is expected to leave interest rates unchanged Wednesday, choosing caution as President Trump’s trade upheaval rattles markets and clouds the outlook for inflation and growth.