The Pound Sterling (GBP) recovers on Wednesday after the UK CPI report showed slower-than-expected inflation growth. This suggests the Bank of England (BoE) may cut interest rates more aggressively, boosting the GBP. Meanwhile, the US Dollar (USD) corrects after slower-than-expected US PPI data, awaiting the crucial December US CPI report.
The Pound Sterling reboundsaftera softer-than-expected UK CPI report for December. Soft UK inflation data would prompt traders to price in a higher number of BoE interest rate cuts for the year. The US Dollar corrects after slower-than-expected US PPI data, awaiting the US CPI report for December. The Pound Sterling recoversin Wednesday’s London sessionafterthe release of the United Kingdom Consumer Price Index report for December, which revealed that inflationary pressures grew moderately.
20% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP /USD .
POUND STERLING US DOLLAR CPI INFLATION BANK OF ENGLAND FEDERAL RESERVE
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