According to data released on Wednesday, the UK's annual inflation rate in September fell to 1.7% from 2.2% in August, exceeding expectations. At the same time, this is also the first time since April 2021 that the overall annual inflation rate has fallen below 2%; the monthly rate recorded 0%. After the data was released, the pound plummeted in the short term, which once again showed that the Bank of England is more likely to cut interest rates in November.

According to data released on Wednesday, the UK's annual inflation rate in September fell to 1.7% from 2.2% in August, exceeding expectations. At the same time, this is also the first time since April 2021 that the overall annual inflation rate has fallen below 2%; the monthly rate recorded 0%. After the data was released, the pound plummeted in the short term, which once again showed that the Bank of England is more likely to cut interest rates in November.