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GBP/USD Rose to 1.2730 as U.K. Inflation Rose to 2.9% in May

Posted by Chris Advincula on Jun 13, 2017 7:02:54 AM

GBPUSD.6.13.2017.jpg

(Jun 13 Tuesday) U.K. inflation rose to +2.9% in May versus the median forecast +2.7% and compared to 2.7% in the previous month of April. The core CPI rose to +2.6% versus the median forecast of 2.3% compared to 2.4% in April. The inflation data rose to a 4 year high which lifted sterling higher from 1.2690 to 1.2730 on the chart.

 

Topics: GBPUSD, Forex, UK CPI

 

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