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Headline CPI inflation jumped up to 3.2% year-on-year (y/y) in May up from 2.8% in April, above consensus expectations. Higher prices at the pump were the main culprit, with inflation ex-gasoline up a more modest Read more…
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Sterling led gains in today as investors responded positively to signs of increasing political clarity in the UK, while improving prospects for a broader Middle East settlement supported risk sentiment more generally. Aussie followed as Read more…