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Sterling climbed broadly today after data showed that UK disinflation progress was slower than anticipated, with services inflation remaining persistently high. This development dashed hopes for an imminent rate cut by BoE, causing the odds of a rate cut in June to plummet from around 50% to below 20%. Despite this, the notable declines in […]

The post Sterling Up as BoE June Cut Hopes Diminish; But Dollar and Kiwi Outshine appeared first on Action Forex.

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