All eyes will be on the latest U.K. CPI reports that may hint at the Bank of England’s (BOE) policy decision in December.
Our Event Guide for the U.K. October CPI Report points out that leading business surveys and slowdowns in retail activity could lead to subdued monthly price pressures.
Weak inflation readings would support BOE members’ expectations of “gradualism” and likely drag GBP lower against counterparts like NZD and JPY.
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