Pound stays above 1.3400 as UK inflation surprise lifts BoE hike bets
GBP/USD trades near 1.3405 after UK September CPI came in hotter than forecast, reinforcing expectations the Bank of England will raise rates next month.
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Tag UK inflation
UK inflation climbs to 3.5% in September on fuel price surge
Britain's annual inflation rate rose to 3.5% in September, exceeding the 3.4% median forecast from economists polled by Reuters, as petrol and diesel prices jumped sharply. The upside surprise strengthens the case for a Bank of England rate hike next month.