Will this week’s U.K. CPI report support a BOE rate cut?
Our Event Guide for the U.K. CPI release suggests that upside surprises in the U.K.’s inflation numbers would point to a higher-for-longer interest rate environment, which could increase the demand for the British pound.
If the U.K.’s CPI numbers come in hot, GBP/USD and GBP/CAD could draw in bullish pressure.
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