Pound Declines as Traders Look Beyond Higher Inflation Rate

  • Annual CPI hasn’t reached BOE’s target since December 2013
  • Services, manufacturing output reports due on July 22

BOE Inflation Can Only Move GBP So Far, Says Halpenny

The pound fell even as a report showed the U.K.’s annual inflation rate accelerated more in June than economists forecast, with traders awaiting the first data that indicate the state of the nation’s economy since last month’s Brexit vote.

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