Faster UK disinflation in October (store worth index) – retains BoE rat cuts on entrance burner

The latest indication on inflation from the UK are pointing towards further rate cuts:

• UK inflation indicator: BRC Shop Price Index fell faster in October

While this is not official inflation data it does, at the margin, point towards continuing rate cuts. Indeed, overnight news indicates this is the consensus expectation:

• Economist poll of the Bank of England shows cut next week but uncertainty on December

Sahme about December, eh?

This article was written by Eamonn Sheridan at www.forexlive.com.