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Related tickers and likely impact
GBP/USD
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 1.33800 |
| Change that session | +0.57% |
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 101.70 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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UK inflation rose to 3.5% in the year to September, up from 3.1% in August, as motor fuel prices climbed. Petrol rose 8.2p per litre to an average of 169.5p and diesel rose 10.7p to 192.5p, the highest average prices since August 2022 for petrol and July 2022 for diesel, with annual motor fuel inflation at 29.8% versus 23% in August. Food prices fell 0.2% over the month, but annual food inflation stayed at 1.3%. The Bank of England held its rate at 3.75% in September, with three members favouring a rise to 4%, and its next decision is on 5 November. Moneyfacts data showed the average two-year fixed mortgage rate rising from 5.59% at the start of September to 5.93% at the start of October.
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UK consumer prices rose 3.5% in the year to September, up from 3.1% in August, the highest since October last year and above the 3.4% most economists expected. Motor fuel prices jumped 30% year on year, up from 23% in August, as the Iran war and bottlenecks in the Strait of Hormuz squeezed global oil and gas supplies. Economists expect the Bank of England to raise its main rate from 3.75% to 4% at its November 5 meeting. Treasury chief John Healey said next week's budget would aim to ease cost-of-living pressure on businesses and families.
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