Inflation in the U.K. slowed to 2.2 percent from 2.7 percent in September. Economists expected the headline inflation to ease to 2.5 percent from 2.7 percent in September.
Output price inflation eased to 0.8 percent in October from 1.2 percent in September. Economists predicted the output prices to ease to 1 percent.
The pound edged lower against its major rivals after the data. As of 4:32 am ET, the British currency was trading at 1.5860 against the dollar, 158.16 against the yen, 1.4620 against the Swiss franc and 0.8431 against the euro.
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Forex News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.