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Sterling falls on softer UK inflation numbers

The report here helps to pull back the recent hawkish market pricing on the BOE and that is dragging the pound lower on the day. It's a pretty straightforward one as price pressures may be starting to ease in the UK, which is a welcome development to the economy. Not only did we see a moderation in consumer inflation but producer prices are also tailing off further, contributing to the matter. Meanwhile, food price inflation (which has been the main problem) has perhaps run past its peak:That is... Read More

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Sterling

Falls

Softer

Inflation

Numbers

Forex

Posted: Jul 19 2023, 06:13

Author Name: forexlive

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