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UK CPI slowed to 6.7%, BoE’s hike tomorrow could be the last

Sterling is facing headwinds after release of UK’s CPI inflation data, which came in lower than market forecasts. This development strengthens the speculation that BoE might be drawing curtains on its tightening cycle, with the one more hike expected tomorrow potentially being the concluding move. The reported data illustrated deceleration in CPI from of 6.8% […] The post UK CPI slowed to 6.7%, BoE’s hike tomorrow could be the last appeared first on Action Forex... Read More

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Posted: Sep 20 2023, 06:51

Author Name: actionforex

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