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Will the UK CPI Signal Another Rate Hike?
Over the next couple of days, we have some key data out of the UK which could shake up the markets and drive cable into a new direction. As usual, we get a bunch of data just before the start of the trading session. But there are two bits that we want to focus on. On Tuesday, we have the release of employment figures, particularly the claimant count. Then on Wednesday, we have both CPI figures. And these could reevaluate where monetary policy is going. There is increased speculation that the BOE will raise rates again at the next meeting. The data coming out in the next couple of days could go a long way to confirm ... (full story)