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Posted by
Two Blokes 7 hours ago -
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Forex
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GBP/USD slipped from recent highs as UK retail price data confirmed ongoing deflation in shop prices, despite a pickup in food inflation. With services inflation easing and economic risks mounting, the Bank of England is expected to cut rates by 25bps next week, with markets anticipating a full percentage point of easing over the coming year, BBH FX analysts report.
