UK rate cut hangs in the balance after latest inflation data | Metals Mine

  • UK rate cut hangs in the balance after latest inflation data

    From cnbc.com

    Another interest rate cut from the Bank of England this year looks uncertain after the latest U.K. inflation data came in cooler expected. The annual inflation rate was unchanged in September, coming in at 3.8% for the third month in a row. The data, released by the Office for National Statistics (ONS) Wednesday, shows that the financial squeeze on consumers and businesses remains high, but there are hopes this could be the peak. The Bank of England forecast earlier this year that the consumer price index would top out at 4% — double the central bank’s target — in September, before gradually cooling into next ... (full story)

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Trader#C262
Oct 22, 2025 8:48am
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The trend still remains. Since Aug 2024 it has been on the up. We are now back above pre-covid levels. Creeping up to levels not seen since post-GFC - minus covid spike of course.

See: https://www.forexfactory.com/#graph=143621
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Trader#A306
Oct 22, 2025 6:51am
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This is not sustainable. Time to sell GBP. The the entire U.K. economy outlook make it kinda Ukrainish.
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Trader#C262
Oct 22, 2025 8:50am
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Also notice where it was checked? That to me suggests an up trend if we hold. A longer term up trend. My buy finger is twitching.
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