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2025-09-12 22:36:29
Sterling is expected to react more to inflation data than to the Bank of England's decision. Strategists at TD Securities said in a report that the British pound is likely to react more to any major surprises in UK inflation data for August than to the Bank of England's policy decision next week. The strategists said that due to continued strong economic growth and inflation, the market generally expects the Bank of England (BOE) to keep interest rates unchanged on Thursday, and the central bank is unlikely to give any signs of imminent policy easing. If Wednesday's inflation report is significantly lower or higher than expected, the pound will react more strongly as "the market is debating the possibility of another BoE rate cut before the end of the year."
