Sterling Gains Slightly as UK Inflation Accelerates; Euro Struggles Despite Wage Surge

Sterling posted modest gains today after the UK reported stronger-than-expected rebound in headline inflation for October. More importantly, both core CPI and services price growth also increased, indicating that underlying inflation is gaining momentum. This resurgence in inflation diminishes the likelihood of BoE implementing another rate cut in December. Market expectations have adjusted accordingly, with […] The post Sterling Gains Slightly as UK Inflation Accelerates; Euro Struggles Despite Wage Surge appeared first on Action Forex.