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Forex Market Wrap: 1st July
video This week was light on high impact data, we did however see three central bank leaders speak with the most interesting being the Bank of England. This was because the stance from the BoE may have turned more aggressive towards interest rates as inflation continues to rise. This was a slight surprise to the market due to the fact that Governor Bailey has often discussed not hiking more than 25bps due to the effect this will have on unemployment. In other news core inflation data out of the US fell slightly causing the USD to sell off on Thursday however, it is too soon to suggest that overall inflation is at a ... (full story)