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A decline in UK CPI exposes the GBP to additional pressures

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 13, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Global Market The already vulnerable Sterling was dealt a sharp blow on Tuesday as CPI y/y for the UK printed below expectations at -0.1%. Inflation has failed to pick up in the UK and this combined with the chain of negative PMI data experienced in September will push back the BoE’s interest rate increase to 2016. The GBP may be exposed to further losses and the risk-off environment which has been a product of market instability will continue to leave the GBP vulnerable moving forward. Market

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