Economic recovery has been the talk of Central Bankers but other factors have yet to stabilize enough to raise rates.
The pound tumbled to a fresh six-month low against the euro today after inflation fell by more than expected to 1.1 per cent in September due to shrinking energy prices.
Sterling declined by 0.5 per cent, making one euro worth 93.8p, the weakest level since March, while the pound lost ground against the dollar at $1.5722
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Alfonso Esparza