Today’s Notable Sentiment Shifts

GBP – Sterling edged up on Wednesday after data showed British inflation hit a more than nine-year high last month, fuelling expectations the Bank of England could act sooner to hike rates, with Rabobank stating that “the strength of the August UK CPI inflation data is fanning expectations that the BoE may take a slightly hawkish bias at next week’s policy meeting.”

CAD – The Canadian dollar strengthened across the board on Wednesday, supported by rising oil prices and domestic data, with CPI climbing to its highest level in 18 years.