January 15, 2025 – Written by David Woodsmith
STORY LINK Pound Sterling Supported vs Euro, Dollar as UK Inflation Declines
The Pound to Euro (GBP/EUR) and Pound to Dollar (GBP/USD) exchange rates are seen trading modestly higher on Wednesday, quoted at 1.18672 (+0.16%) and 1.22188 (+0.06%), respectively.
After choppy trading in immediate reaction to the latest UK inflation data, the Pound traded marginally stronger as more substantial expectations of a February Bank of England (BoE) rate cut were offset by relief over a decline…
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