Jonathan Cook
on January 19th, 2024 Sterling dipped against the euro and the US dollar in early morning trading, having made small gains in yesterday’s session.
The big news this week was that UK inflation increased to 4% in November, up from October’s 3.9%. Despite this, markets have been stable and the consensus view is that long-term inflationary forces have abated, assuming no further geopolitical banana skins are thrown.
GBP/USD: the past year
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