The US currency continues to test new lows amid slowing economic growth in the United States and the introduction of new tariffs on China and Canada. Investor disappointment with Trump’s initial executive orders has led to broad-based dollar sell-offs. USD/JPY At the start of the week, USD/JPY sellers managed to break a key support level […]
UK Inflation Rate: UK Inflation Rate YoY reaches 2% yet services inflation poses a challenge. UK Core Inflation Rate YoY 3.5% down from a previous print of 3.9%. GBP/USD rises as 1.2750 resistance area beckons. The Bank of England (BoE) will likely have mixed feelings this morning following the release of the May inflation report. […]
The post UK Inflation Back at 2% But Services Inflation Remains a Concern, GBP/USD Rises appeared first on Action Forex.
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