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GBP/USD Fell to 1.6630 After Weak U.K. July Inflation Data

Posted by Chris Advincula on Aug 19, 2014 7:02:00 AM

GBP.8.19.2014 resized 600

Chart: WorldWideMarkets Alpha Trader

The 2nd QTR UK July Inflation Report fell below market expectations.

CPI +0.3% m/m, +1.6% y/y. Below Bank of Englands 2% Target.

Core CPI -0.4% m/m, +1.8% y/y

PPI Output remains weak. -0.1% m/m, -0.1% y/y

Topics: GBPUSD, cable, Bank of England, forex trading, European Session, Fundamental Analysis, Sterling, BOE

 

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