0934 GMT - The Bank of England could raise interest rates in November in response to the energy price shock but this wouldn't necessarily strengthen sterling, Monex Europe analysts say in a note. "We are cautious about how much sterling can benefit from hikes forced by an energy shock that is simultaneously squeezing growth." Fiscal risks also linger ahead of the October 28 budget, they say. Treasury chief John Healey spoke about fiscal discipline but almost all headroom has been eroded. Still, sterling risks are two-sided until fiscal reality becomes fully apparent, they say. Prime Minister Andy Burnham will speak at the Labour Party conference at 1300 GMT. Sterling falls 0.2% to $1.3229. The euro trades flat at 0.8574 pounds.