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Original headline: What factors helped lift inflation in September – and where did prices fall ?
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inflationGBPUSDUKpound sterling
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Related tickers and likely impact
GBP/USD
• NeutralRelevance: 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
- What factors helped lift inflation in September – and where did prices fall?
- What factors helped lift inflation in September – and where did prices fall ?
- What factors helped lift inflation in September – and where did prices fall ?
- UK inflation expected to have accelerated in September after fuel surge
- Pound gains against dollar , euro as inflation data cements future rate hike bets
The pound edged up against the dollar and euro after UK inflation came in hotter than expected, with CPI rising to 3.5% from 3.1% in August, above the 3.4% forecast by economists polled by Reuters. The reading cemented bets on a Bank of England rate hike next month, with traders nearly fully pricing in a 25-basis-point increase in November and four hikes expected by mid-next year. Sterling was last up 0.1% at $1.339 and rose 0.2% against the euro to its strongest in 17 months, while the euro weakened as France faces anti-government protests and a worsening fiscal outlook that has pushed its 10-year borrowing costs toward 24-year highs. Attention now turns to British finance minister John Healey’s first budget, due next week.
- UK Inflation Rises To 3.5% On Energy Costs; Bolsters Rate Hike Case
UK consumer price inflation rose 3.5% year on year in September, above the 3.4% forecast and up from 3.1% in August, the Office for National Statistics said. It is the highest rate since last October. Elevated motor fuel prices linked to the Middle East conflict were a key driver. The data reinforces expectations that the Bank of England will raise interest rates next month.
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