For sure, we can say that this has not been the week for the British Pound, as yet again, the data released from the UK on Thursday disappointed economists and investors.
All this week’s negative data from the UK, raises concerns over the possibility of the BoE raising interest rates during the next meeting on the 2nd of August. The bank is expected to raise the interest rate by 25 bps, which would lift the rate to +0.75%.
Today, during the Asian morning, Japan released its inflation data. The core YoY number, which excludes fresh food prices, came out as expected at +0.8%, where the previous was sat at +0.7%...
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