UK inflation data for September is due on Wednesday, and could add to the volatility in the British Pound being created by the regions recent political and fiscal policy situation.
Expectations are for CPI to have returned to double-digits, with the headline print expected at 10%. Although the on-going political drama will continue to be the main force driving GBP over the near-term, this week’s data is still likely to play a key role for the currency as it will fuel speculation surrounding next month’s BOE meeting.
Check the following article for a deeper insight into what to expect and how it could impact the FX markets: