GBP/USD: UK August CPI seen rising to 3.1% a day before BOE rate decision
This is a preview, so the source reports no GBP/USD price move, pip figure or technical levels. The UK inflation report for August, due in the European session on September 16, is the main economic data highlight of the day. It comes just a day before the Bank of England's rate decision, making it the last meaningful input for policymakers before they vote. Headline annual inflation is expected to rise to around 3.1% in August, up from 2.9% previously. For GBP/USD traders, the release is a key event risk. A reading that confirms or exceeds the expected acceleration would add to inflation concerns heading into the BOE meeting. A softer outcome could temper them. Sterling volatility around both the CPI release and the next day's policy decision is a relevant consideration for positioning.
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