UK CPI surge backs Nov BoE hike to 4.00%
UK September CPI surprised to the upside, pushing GBP higher vs USD and EUR. A 25 bp Bank of England rate hike on November 5 is now largely assured.
Original · FXStreet AI summary of public reporting
Why: UK CPI upside surprise → BoE hike to 4% more assured
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At publication → CurrentGBP1.34 → 1.34+0.0%