Business · 17 minutes ago

Pound rises as UK inflation reaches 3.5%, strengthening bets on November rate rise

UK inflation climbed from 3.1% in August to 3.5% in September, its highest reading in 11 months, as energy costs rose because of the Iran war. On Wednesday, sterling gained against the dollar and euro, with traders expecting the Bank of England, the UK’s central bank, to raise interest rates by 0.25 percentage points in November. Markets expect four increases by mid-2027.

By BriefTea Editorial · 21 October 2026 at 13:12

Reported by Reuters · How we write briefs

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