UK inflation data in focus for the session ahead ...Middle East

The September report here was encouraging but all it did was help to reaffirm a 25 bps rate cut earlier this month. The BOE will next meet on 19 December and there will be two inflation reports between now and then. The first of which will be today and the second will be just a day before the policy meeting itself on 18 December.Following the rate cut two weeks ago, BOE policymakers have been emphasising on a "gradualism" approach to cutting rates as the job is not done yet in the battle against inflation. That hints at a potential and arguably likely pause in December. However, said narrative will have to be driven by what we see in the data.That makes today's report the first big and real

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