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GBP/USD at risk?
The British pound rose Tuesday, but the outlook continued to dim as consumer inflation eased to a fresh four-year low. UK inflation eased further in February, rising 1.7 percent annually, the Office for National Statistics reported today in London. Consumer inflation in January eased below the Bank of England’s 2 percent target for the first time since 2009, reinforcing the central bank’s latest decision to hold off on raising interest rates. Since the BOE’s last decision, the dynamics governing the British pound have changed. The latest shuffle in the Monetary Policy Committee could spark a substantial shift ... (full story)