"Inflation data for September was released yesterday and the headline fell marginally to provide a little relief to the Bank of England.

The consumer price index fell from 3.2% year on year to 3.1%. While a single piece of data won't have too much effect on the Bank's plans, every journey starts with a single step.

Factory gate prices as depicted by producer price data, continue to rise, climbing from 11.2% to 11.4% over the same period.

While the country continues to face major bottlenecks in the logistics sector, exacerbated by the shortage of HGV drivers, inflation is unlikely to fall back below 3% in the short to medium-term.

The country appears to be slipping back towards a fourth Coronavirus lockdown as, yet again, the Government is seen to dither over making the decision.

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Beyond Currency Market Commentary:

Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.