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Intraday Technical Analysis 22 January
The British pound posted modest gains on the day after it became evident that the UK government was pursuing a plan B. The details include amending the Irish border backstop arrangement as well. On the economic front data from Germany showed that producer prices fell by 0.4% in December. This was more than forecasts of a 0.1% decline estimated by economists. The December’s declines come following a 0.1% increase in the month before. The Bank of Japan’s core inflation rate increased 0.4% in December. This was slightly lower than the median estimates which forecast a 0.5% increase. The BoJ’s core inflation rate ... (full story)