UK consumer inflation increased by a smaller-than-expected 2.5% annually. Market participants increased the likelihood of a Feb BoE rate cut from 60% to 80%. Economists expect US consumer inflation to increase by 2.6% annually. The GBP/USD forecast shows a bright day for the pound despite downbeat UK inflation figures. A decline in UK yields has…
The post GBP/USD Forecast: Sterling Rises Despite Weaker UK CPI appeared first on Forex Crunch.
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