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A summary of the comments by topic by the BOE Bailey. GBPUSD bounces off support target.
Inflation and Prices:Bailey expects inflation to drop to about 7% in July and to around 5% by October.A more gradual decrease in energy prices compared to the Euro Zone contributes to this trend.Food and drink inflation seems to have peaked, with an expectation for food price inflation to gradually fall this year. However, the decline of food price inflation has been slower than anticipated, partly attributed to global factors like less impactful Russian restrictions on grain exports.For non-en...
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Posted: Aug 3 2023, 12:56
Author Name: forexlive
Views: 112398