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Back Fundamental analysis
GBP/USD: UK CPI and US PPI
The pound reacted negatively to Wednesday's
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The pound reacted negatively to Wednesday's UK inflation report. Despite all components of the release coming in the "green zone," GBP/USD rose by just 30 points before returning to the 1.33 area. This reaction shows that the greenback is still in control, although it struggles to find direction amid conflicting fundamental signals (US CPI accelerated, while PPI slowed). In this context, the "positive" inflation print from the UK works against the pound. After all, the combination of a shrinking economy,
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Irina Manzenko,
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