Live Updates > Live Update Details
2025-10-28 17:06:38
[British pound falls to three-month low against the euro] ⑴The pound fell to a three-month low against the euro after data from the British Retail Consortium showed that UK food inflation slowed to 3.7% in October from 4.2% in September. ⑵Analysts said that stubborn food inflation has been one of the factors that worried the Bank of England and delayed interest rate cuts. ⑶The data may increase bets on a rate cut at the Bank of England's December meeting and put pressure on the pound. ⑷The UK inflation data released last week was also lower than expected, showing that food price increases in September eased. ⑸The euro rose 0.3% to a high of 0.8764 pounds, and the pound fell 0.2% to an intraday low of $1.3298.
