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GBP/USD dampened by zero UK CPI inflation

  • Pair plunges to 1.4896 intra-day low after zero UKCPI inflation number

  • Cable was inflated by EUR/USD gains from 1.4918 to 1.4967 high pre-UKCPI

  • 1.4918 was early Europe low. 1.4920-1.4975 range

 

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