Low impact

UK September CPI is expected to rise to 3.4% y/y (core 2.8%) from August's 3.1% (core 2.6%), ahead of Wednesday's report and the October 28 autumn budget, with markets pricing roughly 95% odds of a 25bp BOE rate hike on November 5 and another by February.

InvestingLive10/19, 04:48 PM

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

GBP
Would push up
DaysMedium confidence
CPI confirming the 3.4% forecast would reinforce the already-priced 25bp BOE hike, supporting sterling.

What could change this

If CPI undershoots the 3.4% forecast, confidence in the priced November hike could fade, weakening GBP support.

1.3378-0.17%vs previous close

This story

10/15, 04:00 AMNow