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UK inflation statistics sparked a 0.8% rally in the pound on Wednesday morning, supporting GBPUSD gains against a general pull from risk assets. According to data released on Wednesday morning, the General Price Index rose by 0.4% for December against an expected 0.2%. Annual inflation accelerated to 4.0%, the first rise in 10 months. The […]

The post Pound Doesn’t Give Up Without a Fight, Thanks to CPI appeared first on Action Forex.

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30/01/2024

Crypto Has Retreated from Lows, But No Rush for Growth

Market picture Crypto market capitalisation at around $1.62 trillion is less than 1% higher than it was seven days ago, thanks to a growth spurt on Friday. Bitcoin has added 3% in the same period and continues to be the driving force behind crypto volatility. The sentiment is gradually returning to greed territory, taking the […]
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