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Oct 19 - 05:55 AM

GBP/USD - Falls To Two-Day Low After Hot UK Inflation Data

By Rob Howard  —  Oct 19 - 04:55 AM
  • Cable drops to 1.1249 as hot UK inflation data continues to weigh on GBP

  • UK Sept CPI up 10.1% YY, matching July's 40-year high nL8N31K14Q

  • 1.1249 is lowest level since Monday (1.1228 was Monday's London morning low)

  • Risk-sensitive pound also hurt by deteriorating equity prices nL4N31K1XI

  • Long-dated gilt yields fall after BoE excludes them from initial QT sales

  • See: nL8N31K25EnL1N31J06D. UK PMQs 1100 GMT nL1N31J0EYnL1N31J0IV

Source:
Refinitiv IFR Research/Market Commentary

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