Wednesday, 14 July 2021

British Pound (GBP) Price Outlook: GBP/USD Rallying After Hot UK Inflation Data

UK consumer price inflation figures came in higher than expected Wednesday, lifting GBP/USD, but the rise has been tempered by weaker than predicted producer price data.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...