Pound bounced from post-UK inflation data low at 1.3254, posted on knee-jerk action after release, holding near session high and maintaining positive tone.
Inflation in September hit its highest level in more than five years, coming along with forecast at 3.0%. September figure might have disappointed those who were expecting stronger reading, which is needed to further boost expectations for November’s rate hike.
However, today’s numbers keep BoE on track for likely interest rate raise next month.