GBP investors too likely to focus on Fed

UK inflation data for August is also likely to be moderate today. The rate of inflation remains near zero. 

And until inflation rises it is premature to speculate about Bank of England (BoE) rate hikes. However, for the time being GBP investors too are likely to be focussing on the Fed. 

"One thing everyone agrees on, the BoE will wait for a Fed rate hike before taking action itself. As of Thursday speculation about the timing of BoE rate hikes will increase again in GBP exchange rates", says Commerzbank.