Sterling weakens after cooler UK CPI data

The EURGBP cross extended the rally to 0.8445 during early European trading hours on Wednesday. The Pound Sterling weakened against the shared currency after the cooler-than-expected UK Consumer Price Index (CPI) inflation

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UK inflation surges, cash now at risk 

UK inflation surged to 2.3% in October, up from 1.7% in September, sparking fresh concerns about wealth erosion and unsettling financial markets. This significant rise, coupled with signs of a potential return

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GBP bearish outlook remains in play

The GBPUSD pair extends the decline to around 1.2945 in early European trading on Monday. A bullish US Dollar on the back of bets for a less aggressive easing by the Federal Reserve drags

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