The UK Consumer Price Index (CPI) for September has decreased to 1.7% year-on-year, falling short of the expected 1.9%. Additionally, Core CPI declined to 3.2% year-on-year, down from the previous month’s 3.6% and below the anticipated 3.4%. This dip in CPI is below the Bank of England's (BoE) target of 2%, raising the likelihood of a rate cut at the upcoming BoE meeting. Following the disappointing UK CPI data, the probability of a rate cut has surged to 80%, which is viewed negatively for the Pound Sterling.
Key Technical Levels
Major Resistance: 1.3070
Near-term Resistance: 1.3020
Minor Support Levels: 1.2960, 1.2880
Trend Reversal Level: 1.3150


WTO Ministerial Collapse Leaves Global Digital Trade Rules in Limbo
U.S. Stocks Surge on Iran War De-escalation Hopes
Australia Bans Card Payment Surcharges Starting October 2025
Canada's Economy Grows Modestly in January 2025, Driven by Energy and Construction
Asian Currencies Hold Steady Amid U.S.-Israel-Iran Tensions and BOJ Signals
South Korea's Exports Hit Record High in March on AI-Driven Chip Demand
South Korea Manufacturing PMI Hits 4-Year High in March 2025 Driven by Semiconductor Demand
Gold Prices Rebound But Head for Worst Month Since 2008 Amid Iran War Uncertainty
U.S. Trade Rep Dismisses WTO's Future Role After Failed Cameroon Summit
Oil Prices Hold Near Multi-Year Highs Amid Iran Conflict and Hormuz Supply Fears
Dollar Surges to Monthly High as Middle East Conflict Rattles Global Markets
Gold Prices Rebound in Asia Amid Iran War Ceasefire Hopes
Japan Business Sentiment Rises as Iran War Fuels Inflation Fears, BOJ Rate Hike Looms
Bessent: Global Oil Market Well Supplied as U.S. Eyes Hormuz Navigation Control
Asian Stocks Mixed in March 2026 Amid Iran War Fears and Tech Selloff
Asian Stocks Surge on Trump's Iran War Comments and Dip-Buying
Iran Strikes Oil Tanker Near Dubai Amid U.S. Threats and Ongoing Middle East Conflict 



