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UK June CPI Forecast: Sterling rally likely to continue on hot numbers
The all-important Consumer Price Index (CPI) data from the United Kingdom (UK) will be published on Wednesday, July 19. Amid mounting wage and inflationary pressures in the UK, the country’s CPI release is likely to significantly impact the Bank of England (BoE) rate hike outlook, in turn, influencing the near-term direction in the GBP/USD pair. After presenting the central bank’s half-yearly Financial Stability Report last Wednesday, BoE Governor Andrew Bailey said that "the UK economy and financial system has so far been resilient to interest rate risk." Bailey repeated his view that the current rate of pay ... (full story)
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