ECB FIXING SHOWS EURO DOWN 0.24 % AGAINST POUND ON OCT . 21

What happened: The ECB set its euro reference rate at 0.83825 pound per euro on Oct. 21, down from 0.84028 on Oct. 20. UK annual CPI inflation rose to 3.5% in September from 3.1% in August. Key numbers: EUR/GBP reference rate 0.83825 on Oct. 21 vs 0.84028 on Oct. 20, about 0.24% lower. September CPI 3.5%, August 3.1%. Core CPI 2.8% from 2.6%. Services inflation 3.7% from 3.4%. Why it matters: FXStreet reported a BoE rate increase at the next meeting was widely expected, and sterling attracted buyers after the inflation release. Inflation remains above the BoE's 2% target.

The ECB set its euro reference rate at 0.83825 pound per euro on Oct. 21, down from 0.84028 on Oct. 20. UK annual CPI inflation rose to 3.5% in September from 3.1% in August.

FXStreet reported a BoE rate increase at the next meeting was widely expected, and sterling attracted buyers after the inflation release. Inflation remains above the BoE's 2% target.