UK Inflation Falls to 1.7%, Boosting Hopes for Interest Rate Cuts

The drop in inflation below the Bank of England's target has led to increased expectations of a potential interest rate cut next month.

The UK's Consumer Prices Index (CPI) inflation fell to 1.7% in September, marking the lowest level since 2021.
The decline in inflation has spurred optimism among investors, causing a rise in UK stock indices, particularly benefiting housebuilders.
The pound weakened against the US dollar and euro as traders anticipate a potential interest rate cut by the Bank of England.
Shares of Tate & Lyle surged following reports of a potential takeover bid by Advent International, a US-based private equity firm.
Whitbread reported improved booking trends despite a drop in half-year profits, leading to a rise in its share price.