U.K. Inflation Rises Further Above Bank of England Target
Consumer prices rose 3.5% in September compared with a year earlier, while investors expect the Bank of England to raise rates at its upcoming meeting.
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U.K. Inflation Rises to 3.5% in September on Energy Costs
Consumer prices rose 3.5% in September, with rising energy costs contributing to the increase, the report says.
UPDATE 1 — POLL — BoE to raise rates to 4% in November, but economists narrowly expect hold from there
(Adds comment from BoE Chief Economist in para 13, poll results on finance minister's fiscal headroom) reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=GBBOEI%3DECI BoE poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=GBGDPQP economic poll data Oct 15 (Reuters) — The Ba
Oil futures jump on Gulf shipping and Iran strike fears
Oil futures rose sharply as concerns intensified over renewed strikes on Iran, attacks on shipping in the Gulf and production shut-ins ahead of Tropical Storm Isaias. WTI was up 4.7% at $92.46 a barrel and Brent gained 4.5% to $104.76.
Global FX, fixed income markets move on fiscal and inflation concerns
The roundup says the Swiss franc remains supported by safe-haven demand, while sterling and gilt yields rise on expectations for Bank of England policy tightening and ahead of the U.K. budget. It also notes euro weakness tied to French fiscal concerns and a Treasury auction under close watch.
GRAPHIC — Rising oil, rates and yields brew up stagflation cocktail for markets
Traders price almost 1 percentage point of ECB rate rises over next year Euro zone annual inflation accelerates to 3.3% in August from 2.9% in July Brent crude options show heaviest bets on $100 oil by end-December (Updates paragraph 18 of September 17 story with Bank of Japan rate rise) By Stefano Rebaudo, Harry Rober