Sterling Takes a Hard Hit Following CPI; FOMC Dot Plot Awaited

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<p>Sterling finds itself under tremendous selling pressure following release of lower-than-anticipated headline and core CPI readings from the UK. This development is seen as a favorable turn of events for BoE policymakers, solidifying the anticipation that the rate hike expected to be announced tomorrow may be the last in the current cycle. On the heels [&#8230;]</p>
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