Lower than expected UK CPI data, Bank of England policy decision today now close to 50/50

<p>UK inflation data came in below the median estimate on Wednesday:</p><ul><li><a href="https://www.forexlive.com/news/uk-august-cpi-67-vs-70-yy-expected-20230920/" target="_self">UK August CPI +6.7% vs +7.0% y/y expected</a></li><li><a href="https://www.forexlive.com/news/a-one-and-done-case-for-the-boe-now-20230920/" target="_self">A one and done case for the BOE now?</a></li><li><a href="https://www.forexlive.com/news/boe-rate-hike-odds-for-this-week-now-a-near-coin-flip-20230920/" target="_self">BOE rate hike odds for this week now a near coin flip</a></li><li><a href="https://www.forexlive.com/news/boe-likely-to-keep-bank-rate-unchanged-tomorrow-goldman-sachs-20230920/" target="_self">BOE likely to keep bank rate unchanged tomorrow – Goldman Sachs</a></li></ul><p>Goldman Sachs had been forecasting a rate hike from the Bank's Monetary Policy Committee but changed that to now expecting an on-hold decision. </p><p>JP Morgan say:</p><ul><li>

"We stick with our call for a hike, but now see this as a

coin toss"</li></ul><p>The statement from the Bank is due at 0700 US Eastern time:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.