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GBPUSD Holds Steady as UK Inflation Eases, Boosting December Rate Cut Bets

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The Story

News Summary

  • UK inflation eased to 3.6% in October, boosting rate cut bets for December to 85%.
  • Despite softer inflation data, GBPUSD traded steady near 1.3140 as the market had largely priced in a dovish Bank of England stance.
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GBPUSD price history

1.35 +0.75% over the displayed period

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