November 20, 2024 – Written by Frank Davies
STORY LINK Pound Sterling Strengthens as UK Inflation Jumps to 2.3%
UK inflation is bouncing back, and Wednesday’s readings were higher than expected.
Sterling is up around +0.25% against the euro.
The data is not likely to lead to major changes in BoE policy, but it does put a December cut in doubt.
Markets have entered a post-election pause ahead of the US holiday season, which starts on November 28th with Thanksgiving. The USD has finally pulled back slightly after a relentless rally from the September…
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