GBP Slumps After September CPI Miss Boosts BOE Rate Cut Expectations
U.K. inflation held steady at 3.8% y/y in September, unexpectedly coming in below the 4.0% forecast by economists and the Bank of England (BOE). The largest downward contributions came from food and non-alcoholic beverages, where inflation fell to 4.5% from 5.1% in August, marking the first slowdown since March. Recreation and culture prices also helped ease pressure, while transport…










