U.K. inflation rises on speculation about more stimulus

The U.K. inflation gauge advanced to its highest level in 4 ½ years on Tuesday amid speculations that the Bank of England will loosen its monetary policy and add more quantitative easing in order to sacrifice its inflation target at 2% level. The central bank's benchmark interest rate has been on its record low at 0.5% since March 2009, however, markets are expecting additional cut of 25 basis points.