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Investors price in rate cuts despite BoE’s ‘higher for longer’ mantra Will the UK CPI and GDP data confirm that view? CPI inflation on Wednesday (07:00 GMT), GDP on Thursday (07:00 GMT) Traders assign an 80% chance of a June BoE rate cut When they last met, Bank of England (BoE) policymakers decided to keep […]

The post Pound Traders Lock Gaze on UK Inflation and GDP Data appeared first on Action Forex.

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11/04/2024

Cable’s Sharp Decline after Higher Inflation in the US

In a significant turn of events, the GBP/USD pair, often referred to as ‘Cable’, reversed sharply to the downside in the last 24 hours. This movement was characterized by the price decisively breaking through the corrective channel’s support line, signaling a strong bearish momentum among traders. The current landscape suggests a bearish impulse in progress, […]
02/01/2024

Could Euro Area CPIs Unsettle ECB Rate Cut Expectations?

New year starts with the December inflation report testing ECB’s hawkishness Market looks for a sizeable pickup in CPI, creating doubt about the rate cuts priced in German CPI figure released on Thursday; the euro area aggregate on Friday 10:00 GMT The new year starts on a rather high note With market participants recovering from […]
11/04/2024

Dollar Index Continues to Benefit from Hotter Than Expected US Consumer Prices

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