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Related tickers and likely impact
GBP/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 1.33800 |
| Change that session | +0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Interest rate hike firmly on table after inflation rises to 11 - month high
- UK inflation jumps to highest rate in almost a year after fuel prices climb
UK CPI inflation rose to 3.5% in September from 3.1% in August, its highest level since 3.6% in October last year and above the 3.4% most economists had expected. Motor fuel prices were the main driver, soaring 30% year on year, with average petrol up 8.2p to 169.5p per litre, the highest in about four years, and diesel up 10.7p to 192.5p, its highest since July 2022. Fuel costs have climbed as the war with Iran squeezed global oil and gas supplies. Economists say a Bank of England interest rate hike at its November meeting is now 'firmly on the table,' while Chancellor John Healey pledged to do more on living costs in next week's Budget. CPIH rose to 3.6% and RPI to 3.9%.
- Interest rate hike firmly on the table after inflation rises to 11-month high
- Interest rate hike firmly on table after inflation rises to 11 - month high
UK CPI inflation rose to 3.5% in September from 3.1% in August, the highest in 11 months, which makes a Bank of England rate hike in November more likely. Motor fuel prices, up 30% year on year, were the main driver, while food and drink inflation held steady at 1.3%. Economists expect living costs to keep rising this winter as households face higher energy bills, and Deutsche Bank expects rates to rise in November and again in the following months. Chancellor John Healey said he will look to do more to ease living costs in next week's Budget. CPIH rose to 3.6% and RPI to 3.9%.
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