UK October CPI +3.6% vs +3.6% y/y expected

• Prior +3.8%
• Core CPI +3.4% vs +3.4% y/y expected
• Prior +3.5%
• Services CPI +4.5 vs 4.6% y/y expected
• Prior +4.7%

The figures are in line with expectations, except the services measure which was lower than expected. The market was already pricing an 80% probability of a rate cut in December, so the data is not going to materially change things even though we should see the probabilities strengthen.

This article was written by Giuseppe Dellamotta at investinglive.com.