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UK CPI

UK Aug  CPI came unchanged 2.2% y/y as expected, while core CPI jumped to 3.6% y/y compared to a forecast of 3.5% y/y.  The probability of rate pause increased to 63% after solid CPI data.

 

Major resistance- 1.32665

 

Near-term resistance - 1.3230

 

Minor support-  1.3140,1.3080

Trend reversal level- 1.3000

 

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