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ARTICLE · 01 DECEMBER 2025

Pound Slumps As Cooler UK Inflation Boosts BoE Rate Cut Bets

IR Global
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The pound (GBP) fell sharply at the start of yesterday's session, striking weekly lows against some peers, as softer-than-forecast UK inflation increased the odds of a Bank of England (BoE) interest rate cut in December...

United KingdomStrategy
Amanda Dunn (Currencies Direct)
Amanda Dunn (Currencies Direct)
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The pound (GBP) fell sharply at the start of yesterday's session, striking weekly lows against some peers, as softer-than-forecast UK inflation increased the odds of a Bank of England (BoE) interest rate cut in December.

Headline inflation held at 3.8% for the third consecutive month in September, rather than rising to 4% as forecast, suggesting inflation has peaked and opening the door to another rate cut before the end of the year.

New data from the Confederation of British Industry (CBI) could influence the pound today. The business optimism index is set to have declined in the fourth quarter, while industrial orders are also set to fall in October. This could dent GBP if the data meets expectations.

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