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Will UK CPI shake up sleepy pound?
The British pound has posted slight gains in the Tuesday session. Currently, GBP/USD is trading at 1.3619, up 0.25% on the day. It has been a quiet start to the week for the British pound. US banks and stock markets were closed on Monday for a national holiday, and the Tuesday data calendar is very light, with no UK data releases and just one minor event in the US. This sets the scene for Wednesday, which could see stronger movement from GBP/USD. The UK will release a host of inflation indicators, highlighted by headline CPI. The index is projected to improve to 0.5% in December, up from 0.3% beforehand. Wednesday ... (full story)