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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% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- UK inflation rises to highest rate in almost a year as fuel prices spike
UK Consumer Prices Index (CPI) inflation rose to 3.5% in September from 3.1% in August, above the 3.4% most economists had expected and the highest rate in almost a year. Fuel was the main driver, with motor fuel prices up 30% year on year, including average petrol up 8.2 pence to 169.5 pence per litre and diesel up 10.7 pence to 192.5 pence, the highest since July 2022. According to RAC, average diesel prices passed 200 pence a litre for the first time at the start of this month, while ONS also cited higher airfares as a pressure on prices. The article links the fuel price surge to the Iran war, which has squeezed global oil and gas supplies. Chancellor John Healey said price rises from conflicts in the Middle East and Europe are hitting Britain and other countries, and promised that his Budget next week would maintain fiscal discipline and drive growth.
- UK inflation accelerates to 3 . 5 % in September after fuel surge
UK CPI inflation rose to 3.5% in September from 3.1% in August, the highest since 3.6% in October last year and above the 3.4% most economists had expected. The ONS said transport, particularly motor fuels, was the biggest contributor, with average petrol and diesel prices at their highest in four years and diesel the most expensive since July 2022. Airfares, computer games and live events also pushed prices up, while hotel stays rose by less than a year earlier. Raw material and factory-gate prices kept climbing on higher crude oil and petrol costs, against a backdrop of the Middle East energy shock.
- UK inflation jumps to highest rate in almost a year after fuel prices climb
- UK inflation jumps more than expected on rising fuel costs
Britain's annual inflation rose to 3.5% in September from 3.1% in August, above the 3.4% consensus forecast and the highest level in almost a year, according to the Office for National Statistics (ONS). Transport, especially motor fuels, made the largest upward contribution as the US-Iran war pushed petrol and diesel prices sharply higher. The ONS chief economist Grant Fitzner said the annual cost of raw materials and factory-gate goods kept rising in September, driven by higher crude oil and petrol prices. The data came one week before the Labour government presents its annual budget, which is expected to address cost-of-living pressures.
- UK inflation jumps to highest rate in almost a year after fuel prices climb
- UK inflation jumps to highest rate in almost a year after fuel prices climb
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