UK CPI heats up, boosting BoE hike bets but GBP stalls below 1.34
UK inflation data cements the case for a Bank of England rate hike at the next meeting, yet the British Pound struggles to extend gains against the USD and stalls below 1.3400.
Original · FXStreet AI summary of public reporting
Why: Hot UK CPI → higher BoE hike odds
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At publication → CurrentGBP1.339 → 1.34+0.1%