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GBP/USD. What the UK CPI Report Indicated?
The inflation growth report released on
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The inflation growth report released on Wednesday for the UK was in the red zone. The published report showed that almost all key components fell short of forecast estimates, indicating a weakening of price pressures in the country.The GBP/USD pair reacted weakly to the publication, as traders' attention is currently focused on geopolitical events. Market participants are waiting for a resolution to the Middle Eastern conflict, as further developments could lead to either a new spiral of escalation or a
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Irina Manzenko,
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