GBP/USD Outlook: Cable Dips on Softer Than Expected UK Data, Focus Shifts on US Inflation

Cable fell 0.35% in immediate reaction to softer than expected UK inflation numbers in July. Although the BoE expected inflationary pressure to rise after CPI stayed at 2% target in past two months, weaker than expected July figure adds to expectations for more rate cuts that deflated sterling. Fresh dip emerged after repeated failure to […]

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