October U.K. CPI Kept BOE Easing Hopes in Play: What’s Next for GBP?

The U.K. inflation report reflected cooling price pressures, and traders are wondering what’s next for the British pound. Will the BOE push through with its December rate cut as many expect?

With U.K. unemployment rising and growth slowing, dovish expectations for the BOE are driving interest rate divergences for central banks like the Fed and RBA. Dive in as we break down what’s moving the currency, what newbie traders should watch out for, and potential strategies to consider.