The consumer price index (CPI) fell yesterday to 7.1% in November. This is lower than expectations of 7.3% and reflects the lowest rate markets have seen since December 2021.
It’s worth mentioning that the Federal Reserve has a target of 2%, so the reading is remains considerably higher than is ideal.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.
USD/GBP: the past year


