U.K. inflation rose to 3.5% in the 12 months to September, above the 3.4% forecast by economists polled by Reuters, and up from 3.1% in August and 2.9% in July. The reading is the highest annual rate in a year, driven mainly by motor fuel prices, which climbed 29.8% over the year and reached their highest level since August 2022, according to the Office for National Statistics. As a net energy importer, Britain is exposed to external energy shocks, such as the U.S.-Iran war and the struggle for oil to transit the Strait of Hormuz.
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Related tickers and likely impact
GBP/USD
▲ Likely positiveRelevance: high
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 1.33800 |
| Change that session | +0.57% |
XAU/USD
▼ Likely negativeRelevance: low
| Market | Gold |
|---|---|
| Close on 10/20/2026 | 4,125.21 |
| Change that session | -0.38% |
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