Explore the Bank of England's decision to cut interest rates by 25 basis points, a strategic move supported by an 8 to 1 majority. This reflects efforts to tackle inflation in the UK. Despite a CPI drop to 1.7% in September, inflation might rise to 2.5% soon. The Bank highlights progress in curbing inflation but warns of ongoing domestic pressures and labour market uncertainties.

Wage growth is higher than expected, adding complexity to the economic outlook. Learn about the potential impact of budget announcements on inflation, affecting prices and employment. The sterling rallied by 30 basis points, showing market reactions. Get quick insights into these developments and their implications for traders and investors.

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