UK inflation accelerated in September, with CPI rising 3.5% over the year, up from 3.1% in August and above the 3.4% median estimate in a Reuters poll, the Office for National Statistics said. Prices rose 0.4% over the month, with transport costs led by motor fuels contributing most to the annual increase. Core CPI rose to 2.8% from 2.6%, and services inflation to 3.7% from 3.4%. The Bank of England held Bank Rate at 3.75% in a split vote: six Monetary Policy Committee members voted to hold, while three favored raising it to 4%. A Danske Research forecast, which is not a Bank of England decision, now includes a November increase, and the Bank's next rate decision is scheduled for Nov. 5.
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GBP/USD
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 1.34003 |
| Change that session | +0.04% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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