UK inflation expected to slow in September, growth in core CPI to remain high

• United Kingdom’s Office for National Statistics will release the CPI report on Wednesday.
• The annual UK headline and core inflation are expected to ease in September.
• The UK CPI data could seal in a BoE November interest-rate cut, a scenario that would weigh on Pound Sterling.

The United Kingdom’s (UK) Office for National Statistics (ONS) will release the highly anticipated Consumer Price Index (CPI) data for September on Wednesday at 06:00 GMT.

The UK CPI inflation report could affirm expectations of 25 basis points (bps) interest-rate cut by the Bank of England (BoE) in November, injecting a fresh bout of volatility into the Pound Sterling.