Cable falls to 1.2467 on lower than expected UK October inflation data

CPI up 4.6% YY vs 4.8% f/c. 1.2481-1.2498 was Asia range (pre-UK CPI data)

1.2467 is lowest level since Tuesday's nine-week peak of 1.2506

Tuesday peak was scaled on sub-f/c US CPI data (1.2306 was pre-US CPI high)

Sub-f/c UK CPI is boost for doves advocating BoE rate cut in spring 2024

US House passes spending bill to avert government shutdown nL1N3CF0UT