GBP/JPY rises above 167.30 on higher-than-anticipated UK Inflation report – by Sagar_Dua24 GBPJPY BOE BOJ Inflation Employment
tion data. Headline Consumer Price Index has landed at 10.1%, higher than the consensus of 9.8% but lower than the former release of 10.4%. It looks like UK inflation is shy of coming below the double-digit figure.
report has softened on a broader note indicating that producers have trimmed prices of goods and services at factory gates due to a fall in gasoline prices. policymakers, which were confident that inflation will quickly decelerate from next month, and February’s upbeat inflation is a one-time thing.
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