At 08:00 (GMT+2), the UK will release September consumer price index data, which is the main indicator of the inflation rate in the country, reflecting the change in retail prices for a certain basket of goods and services: food, transport, utilities, health care, etc., and has a significant impact on the Bank of England’s decisions on monetary policy. The indicator may fall from 2.2% to 1.9% YoY, and the core value from 3.6% to 3.4%, putting pressure on the pound and increasing the likelihood of interest rate cuts.
