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Sterling weakened sharply as UK inflation dropped, increasing odds of a BoE rate cut. The dollar strengthened amid mixed Fed commentary and rising DXY. EURUSD edged lower on ECB rate hold expectation…
Sterling fell sharply on a surprise UK inflation drop, forcing near-certain BoE rate cuts; the dollar strengthened ahead of multiple central bank decisions including ECB holding rates and BOJ likely …
GBPUSD weakened following a bigger-than-expected drop in UK inflation to 3.2%, below economists' forecasts, driving sterling down to a one-week low against the dollar.