UK inflation drops to 4.6% in October, below consensus

UK inflation rate dropped to 4.6% in October 2023, down from 6.7% in both September and August, falling short of market expectations of 4.8%.

This marks the lowest rate since October 2021, highlighting that inflation has more than halved since late last year.

The CPI rate remained well above the Bank of England’s 2% target.

ETFs: (FXB), (EWU), (FKU), (EWUS), (FLGB).

Currency: (GBP:USD)