Inflation data on the agenda in Europe today ...Middle East

As such, the more interesting release today will be the UK CPI report for August at 0600 GMT.

Analysts are mostly projecting that food price inflation in the UK is going to keep creeping higher for now, set to peak in September. That is likely to keep the headline estimate elevated. However, services inflation is expected to gradually decline with most calls arguing for a deceleration in prices for travel services. That is largely due to a surge in airfares in July, which saw a later index date.

But whatever the case is, the report today will not likely do much to change up the BOE outlook for the Thursday decision.

This article was written by Justin Low at investinglive.com.

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