Surprise inflation fall may put interest rate rise on hold

The prospects of an interest rate rise in the next few months have dimmed after inflation fell to a five-year low last month. Official figures showed inflation dropped to 1.2% in September from 1.5% in August as food and fuel prices fell.

Pound Bulls Unfazed by Carney’s Tone Say Rally Isn’t Over

Pound bulls still have reason to be optimistic following the Bank of England’s attempts to temper interest-rate expectations, according to firms from Bank of New York Mellon to Mizuho Bank Ltd.

Scottish independence: George Osborne will rule out currency union

UK Chancellor George Osborne will rule out a formal currency union with an independent Scotland, government sources have told the BBC. His position will also be backed by Labour shadow chancellor Ed Balls and Liberal Democrat Chief Secretary to the Treasury, Danny Alexander.

So Does Italy Now Aim To Take The Euro Down?

By Friday of last week good money was bettingagainst the UK pound but by Monday morning the Euro was back in the frame, courtesy of an Italian election that looked likely to favor anti-austerity politicians.