Economists expected inflation to rise to 3.7%, though the Bank of England forecast for July inflation was 3.76%, slightly higher than consensus. Inflation in the UK has risen to an unexpected 3.8%, ...

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Pound Sterling gains on hotter than expected UK inflation data

The Pound Sterling recovers to near 1.3500 against the US Dollar (USD) on Wednesday after the release of the hot UK CPI report for July. The US Dollar Index (DXY), which tracks the Greenback’s value ...

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EUR/GBP attracts some sellers below 0.8650 after hotter UK CPI inflation data

The EUR/GBP cross loses traction to near 0.8620 during the early European session on Wednesday. The Pound Sterling (GBP) edges higher against the Euro (EUR) after the UK Consumer Price Index (CPI) ...

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UK inflation hits highest level in 18 months

Inflation is expected to jump again when July’s report is published this morning. Rising food prices and summer spending could be partly responsible.

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UK growth revised up two years late

Researchers said the UK economic growth was 2.2 per cent above its pre-pandemic peak at the end of 2023 rather than 1.9 per cent.

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