World Market News of the 16 October with FXOpen #gbpusd #audusd #nzdusd #crudeoil #brent #wti #usd

☑️ POUND FALLS AFTER COOLER-THAN-EXPECTED BRITISH INFLATION The pound dropped on Wednesday after data showing British inflation slowed more than expected in September, making it easier for the Bank of England to cut interest rates further this year. The pound dropped 0.5% on the dollar to $, having been flat before the data. Sterling also weakened versus the euro, which rose 0.4% to pence. British inflation was 1.7% year-on-year in September from 2.2% in August, the lowest reading since April 2021 and below a Reuters poll which expected 1.9%. Source: Reuters ☑️ OIL CLIMBS WITH MIDDLE EAST RISKS AND CHINESE DEMAND IN FOCUS Oil edged higher after slumping by more than 4% on Tuesday, as Israel said it was keeping options open in how to attack Iran — including targeting Iranian energy infrastructure. Brent rebounded to above $74 a barrel, while West Texas Intermediate was near $71. Both benchmarks sank in the prior session after a r