GBP/USD in focus as UK September CPI looms; BOE November hike nearly priced
The UK September CPI inflation report is the main event on today's economic calendar, with the release scheduled for 0600 GMT. Ahead of the data, markets have almost fully priced in a Bank of England rate hike at its November meeting. The source reports no price move, pip figures or technical levels for sterling pairs, and gives no consensus forecasts for the CPI release. Because a November hike is already largely reflected in pricing, the inflation figures are a key input for whether those expectations hold. Traders in GBP pairs such as GBP/USD should be prepared for potential volatility around the 0600 GMT release.
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