Sterling Drops as UK Inflation Falls More Than Expected, BoE Rate Cut Likely in Nov
Sterling has taken a significant hit after UK inflation data for September showed sharper-than-expected decline, falling below BoE’s 2% target again, and hit the lowest level in over three years. Core CPI also fell more than forecasted, indicating a stronger pace of disinflation. Services prices, a key inflation driver, showed a marked slowdown, reinforcing the […] The post Sterling Drops as UK Inflation Falls More Than Expected, BoE Rate Cut Likely in Nov appeared first on Action Forex.
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Sterling has taken a significant hit after UK inflation data for September showed sharper-than-expected decline, falling below BoE’s 2% target again, and hit the lowest level in over three years. Core CPI also fell more than forecasted, indicating a stronger pace of disinflation. Services prices, a key inflation driver, showed a marked slowdown, reinforcing the […]
The post Sterling Drops as UK Inflation Falls More Than Expected, BoE Rate Cut Likely in Nov appeared first on Action Forex.
