UK Inflation Surprises to the Upside, Supporting Gradual BoE Rate Path
Market Overview: Pound Gains Momentum on Inflation DataThe British pound rallied on Wednesday after data revealed UK consumer inflation accelerated more than forecast in October. This reinforced expectations that the Bank of England will adopt a measured approach to rate cuts in the coming months. The pound rose 0.23% to $1.2711 against the U.S. dollar […]