British Pound slips as soft UK CPI clips BoE hike bets
The Pound Sterling retreats towards 1.3400 on Wednesday after the latest UK inflation report, forcing investors to reassess hawkish bets on the Bank of England, while solid US Retail Sales boost the Greenback, supported by US exceptionalism. The GBP/USD trades with losses of over 0.22%. Read More…
British Pound dips to weekly lows following soft UK inflation figures
The British Pound (GBP) extends losses against the US Dollar (USD) on Wednesday, with the GBP/USD pair hitting a weekly low of 1.3410 at the time of writing. Softer-than-expected UK Consumer Price Index (CPI) figures have provided further reasons for the Bank of England (BoE) to keep interest rates on hold in the coming months, which has hurt speculative demand for the Cable. Read More…
United Kingdom CPI inflation holds steady in April: What 2.8% means for British Pound
The United Kingdom (UK) headline Consumer Price Index (CPI) climbed 2.8% over the year in May, compared to a rise of 2.8% in April, the data released by the Office for National Statistics (ONS) showed on Wednesday. The UK inflation reading was well above the Bank of England’s (BoE) 2% inflation target. Read More…
