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GBP/USD: Falls on Softer than Expected UK Inflation Data

GBP/USD: Falls on Softer than Expected UK Inflation Data
Cable fell to new multi-month low (the lowest since May 26) early Tuesday, hit by softer than expected UK inflation readings in August. Annualized CPI dropped to 6.7% (the lowest since Feb 2022) from 6.8% in July and beating forecast for 7.0% increase, while core inflation (excluding volatile components) was down to 6.2% y/y in […] The post GBP/USD: Falls on Softer than Expected UK Inflation Data appeared first on Action Forex... Read More
Posted: Sep 20 2023, 10:37
Author Name: actionforex
Views: 102125

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