UK Inflation Data Boosts Chances of December BoE Rate Cut: BofA

UK inflation data boosts chances of December BoE rate cut: BofA

Nvidia earnings loom large; Lowe’s, Target to report - what’s moving markets Investing.com - The Bank of England (BoE) may cut interest rates in December following the latest UK inflation report released Wednesday, which showed headline inflation declining in line with the central bank’s…

GBP/USD edges lower to 1.3120 as UK CPI fuels BoE rate cut bets

GBP/USD edges modestly lower on Wednesday as inflation in the United Kingdom (UK) ticked lower in October, increasing the chance of an interest rate cut by the Bank of England (BoE) in December. At the time of writing, the pair trades at 1.3120 after reaching a peak of 1.3155.

UK inflation drops to 4-month low, paving way for December rate cut

Inflation in the U.K. fell to a four-month low in October, raising expectations of another Bank of England interest rate cut next month. The Office for National Statistics said Wednesday that the annual rate of inflation, as measured by the…

UK CPI slows to 3.6%, keeping BoE on track for December cut

UK inflation eased in October, with headline CPI slowing from 3.8% yoy to 3.6%, just above the market’s 3.5% forecast. Core inflation (excluding energy, food, alcohol and tobacco) matched expectations at 3.4% yoy, down from 3.5% previously. Goods inflation cooled, slipping from 2.9% yoy to 2.6%, while services inflation—still the stickiest component—eased from 4.7% to […] The post UK CPI slows to 3.6%, keeping BoE on track for December cut appea…