UK inflation dropped to a three-year low of 1.7% in September, below the Bank of England's 2% target for the first time since April 2021. This decline, influenced by lower airfares and petrol prices, surpassed economists' expectations of 1.9%. Following the release, traders increased their bets on further interest rate cuts from the Bank of England, anticipating reductions in both November and December after a previous cut in August. The figures provide a boost to the government ahead of a challenging Budget that aims to address a £40 billion funding shortfall. The pound fell 0.6% against the dollar post-announcement