February 15, 2025 – Written by David Woodsmith
STORY LINK US Inflation Moves Reverse, While the Pound Rises Following GDP Data
Wednesday’s CPI-inspired moves have mostly reversed and the US dollar is surprisingly lower since the release.
The pound is the best-performing G7 currency on Thursday, with a +0.4% gain against the USD.
GDP data for December and Q4 was better than expected, although the figures were still weak and won’t alter the BoE’s plans to cut rates.
Wednesday’s CPI release…
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