GBP/USD tumbled after UK inflation fell below the Bank of England's target in September and expectations of a rate cut rose with it.

On September 18, the UK inflation report attracted investors' attention as the Bank of England's interest rate decision was about to be announced.

Almost at the same time as the inflation report was released, traders significantly reduced their bets on a rate cut next month, cutting the possibility of a rate cut on August 1 from 40% yesterday to 25%.

UK inflation has reached its target level despite the Bank of England's painstaking efforts.But markets say the Bank of England is still unlikely to cut interest rates when it announces its decision tomorrow.

Bank of England keeps interest rates stable and aims to achieve a sustainable 2% inflation rate amid global uncertainty and continued UK inflation at 4%。

Recently, inflation data from many countries in the US and Europe have been better than expected.。But as several countries have joined the battle for the "last mile" of inflation, many central bankers have repeatedly said that the "last mile" will be more difficult.。

On October 18, according to the Office for National Statistics (ONS), the UK inflation rate remained at 6 in September..7% unchanged, unchanged from August。Core inflation from 6 in August.2% down slightly to 6.1%, the lowest level since January, but slightly above market forecasts of 6%

On July 19, local time, the Office for National Statistics (ONS) released inflation data for June.。Data show inflation slowing to 7 in June.9%, coming to a 15-month low。This is more than the market expected 8.2% is lower, also lower than the 8 in May.7%。

Thursday (March 23) Asian session, GBP / USD rose, currently trading at 1.Near 2288, as of 9: 21 Beijing time, the latest price of the pound against the dollar was 1.2289。