
- The Federal Reserve delivered as expected, foresees two rate cuts in 2025.
- The Bank of England will announce its decision on monetary policy early on Thursday.
- GBP/USD approaches the 1.2600 mark after gaining near-term bearish traction.
The British Pound found near-term support earlier in the day, leading to GBP/USD reaching an intraday high of 1.2725. The trigger was the United Kingdom (UK) Consumer Price Index (CPI), which rose 2.6% on a yearly basis in November after printing at 2.3% growth in October, according to the data released by the Office for National Statistics (ONS) on Wednesday.
Core CPI
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