UK CPI came in as expected at 3.5%. Core CPI came in slightly better at 2.5%. GBPUSD is trading on session highs of 1.5944.. #fx #forex

UK CPI came in as expected at 3.5%. Core CPI came in slightly better at 2.5%. GBPUSD is trading on session highs of 1.5944.. #fx #forex   == 3.5% was “not” expected more like 3.4% but highlights the stubborness of UK inflation and the headache it gives to the Bank of England’s Monetary policy committee …

UK CPI came in as expected at 3.5%. Core CPI came in slightly better at 2.5%. GBPUSD is trading on session highs of 1.5944.. #fx #forex Read More »