Pound Sterling Today: GBP Gains as UK Inflation Higher than Expected

STORY LINK Pound Sterling Today: GBP Gains as UK Inflation Higher than Expected

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A lull in geopolitics and the Iran/Israel conflict has allowed markets to re-focus on the other main theme – inflation and central bank plans to cut rates. Tuesday’s session brought a raft of central bank speakers and Fed Chair Powell finally admitted a lack of further progress on inflation and a delay to cuts.

“The recent data have clearly not given us greater confidence and instead indicate that is likely to take longer than…
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