Low impact
UK September CPI rose to 3.5% y/y from 3.1%, above the 3.4% forecast, with core CPI at 2.8% and services inflation at 3.7%, reinforcing expectations of a BOE rate hike in November.
InvestingLive10/21, 06:46 PM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
GBP
Pushes up
DaysMedium confidence
Hotter UK CPI reinforces BOE rate-hike expectations for November, supporting the pound.
What could change this
A softer reading in upcoming UK PMI or retail sales data could ease the case for a November hike and reduce GBP support.
GBP/USD before and after this story
1.3378-0.17%vs previous close
This story
10/15, 04:00 AMNow
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