UK Inflation Slowdown Unlikely to Stop Rate Hike

UK consumer inflation slowed from 6.8% to 6.7% y/y, contrary to the expected acceleration to 7.0%. Core inflation, excluding food and energy, saw an even more significant slowdown of 6.2% from 6.9% y/y, well below the average forecast of 6.8%. The weaker-than-expected data sparked a brief sell-off in GBPUSD, with the exchange rate dropping nearly […]

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