Daily currency updateUK inflation data for August came in exactly as expected, keeping the country at the top of the table among its major peers. Sterling softened on the release as markets weighed the prospect of further Bank of England cuts later this year. While the data leans dovish, inflation remains more than double the Bank’s 2% target, leaving policymakers to balance softening wage growth against persistent household price pressures. Expected RangesGBP/USD: 1.3575 – 1.3665 ↑GBP/EUR: 1.1490 – 1.1530 ↓EUR/USD: 1.1820 – 1.1885 ↑IMPORTANT: This communication has been prepared by marketing/sales personnel of UKForex Limited [CN:04631395] (trading as OFX) (OFX). OFX has taken every reasonable precaution to ensure that any attachment to this e-mail has been swept for viruses.