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    Pound Sterling recovers against USD after sticky US inflation data

    Author AvatarBy Patrick Butler No Comments 12 Mins Read
    • The Pound Sterling recovers from a three-month low of around 1.2750 against the US Dollar after sticky US inflation data for October.
    • Market expectations for the Fed to cut interest rates in December have increased.
    • BoE Mann sees inflation remaining sticky amid expectations that energy prices could rise again.

    The Pound Sterling (GBP) rebounds from the three-month low around 1.2750 against the US Dollar (USD) in Wednesday’s North American session. The GBP/USD pair bounces back as the United States (US) Consumer Price Index (CPI) report showed that price pressures remained sticky in October. The US Dollar Index (DXY), which gauges the Greenback’s value against six major

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    He is a distinguished financial analyst with a wealth of experience in the Forex and cryptocurrency markets. With a career spanning over 15 years, Patrick has honed a keen understanding of market dynamics, using both technical analysis and macroeconomic insights to forecast trends and identify opportunities. His work is characterized by a meticulous attention to detail and an ability to simplify complex concepts, making him a respected authority for both institutional investors and individual traders. Patrick’s analytical depth and pragmatic approach have earned him recognition as a trusted expert in the ever-evolving world of finance.

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