GBPUSD: Lower Inflation Supports British Pound
21 June 07:58 AM
According to the UK Office for National Statistics (ONC), the UK
rate of inflation declined in May. The CPI (y/y) declined down to 2.8%,
which was the lowest level since early 2009. The previous (April)
readings showed 3% while analysts expected May’s stats to stay
unchanged.
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