GBP/USD: Cable Weakens on Downbeat UK Earnings Data, Inflation Report in Focus

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<p>Cable pulls back in European trading on Tuesday, erasing a good part of Monday’s 0.65% jump, pressured by weaker than expected UK pay growth data, which increases pressure on those advocating for another BoE rate hike. Markets await release of UK Sep inflation report on Wednesday (6.5%y/y f/c vs 6.7% Aug and core 6.0% f/c [&#8230;]</p>
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