December 19, 2024 – Written by Frank Davies
STORY LINK British Pound Drifts Lower Against Euro and Dollar After UK Inflation Data
The Pound Sterling (GBP) drifted lower against the Euro (EUR) nd U.S. Dollar (USD) after the latest UK inflation data. Although very close to expectations, markets were slightly more optimistic that there would be scope for more than two rate cuts next year.
There are also expectations that the Federal Reserve will accompany a US rate cut later in the day with cautious guidance over…
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