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UK CPI rose 2.5% year over year in December, below the 2.7% forecast, while core CPI eased to 3.2%. Sterling dropped below $1.2200 after the release.
Softer UK inflation supports the case for Bank of England cuts, a macro effect on sterling with no direct feed commodity impact.
fxstreet.comFXStreet TeamJan 15, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
