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Sterling a Touch Higher after UK CPI, Dollar Stays Resilient

Sterling a Touch Higher after UK CPI, Dollar Stays Resilient
In the wake of UK CPI data, Sterling slightly higher, but lacks clear buying momentum. As BoE had anticipated, headline inflation demonstrated pronounced deceleration. Concurrently, the evident surge in services inflation dovetails seamlessly with the week’s unprecedented data on wage growth. Given these dynamics, BoE is primed for another rate hike in the coming month, […] The post Sterling a Touch Higher after UK CPI, Dollar Stays Resilient appeared first on Action Forex... Read More
Posted: Aug 16 2023, 06:57
Author Name: actionforex
Views: 022187

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