British Pound futures dropped for a third consecutive session, falling 0.27% into the close with prices down 0.72% over a five-day stretch. The move comes as UK headline inflation increased to 3.1% in August, driven by a sharp 23% jump in annual fuel costs and rising producer input prices that signal further pressure up the supply chain. The Bank of England is scheduled to announce its rate decision tomorrow morning. While the market widely expects the central bank to hold rates at 3.75%, three dissenting votes favoring a hike in July reflect growing internal support for tighter monetary policy amid ongoing Middle East energy risks.
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