Pound Upwards Persistence – Video Analysis

Pound Upwards Persistence –  Sterling has continued to rally strongly in the wake of yesterday’s perky UK inflation data. Cable surged to fresh one-year highs above 1.3320 while EURGBP has fallen further into six-week low territory under 0.9000. Markets are now anticipating that the minutes from this week’s BoE MPC meeting (due Thursday alongside the policy announcement) will show some raised concern about inflation, although the consensus remains for the BoE to leave prevailing policy settings unchanged.

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Stuart Cowell

Senior Market Analyst


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