Sterling Weakens as U.K. Inflation Surprise Strengthens Case for December BOE Cut
U.K. consumer price inflation fell sharply to 3.2% y/y in November, well below the 3.5% market consensus and marking the lowest reading since March 2025. The larger-than-expected decline was driven by falling food prices and weaker alcohol and tobacco costs, with lower clothing prices adding to the disinflationary trend as Black Friday discounting intensified across retail sectors. The soft…











