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GBPUSD - UK inflation surges to 40-year high
CPI hit 9%, the highest in 40 years, and a huge +2.5% month-on-month. RPI rose by 11.1%, also a four-decade high. Producer price inflation rose to 14% on the year to April 2022, up from 11.9% in March ...
Record-breaking but near-peak inflation in Britain
Annual inflation jumped from 7% to 9%, unseen in the indicator’s history. The longer-established retail price index last saw a high annual growth rate (11.1% y/y in April) in 1982, while such a big ...
RBA Minutes Boosts The Australian Dollar
Tuesday’s release of the RBA’s May meeting Minutes helped AUDUSD recover back over 0.70. A 40bps hike in the board’s next meeting looks likely. However, the trajectory of hikes into next year is far ...
Gold is still lagged behind the demand of USD and higher yields
The bullish employment figures came with also higher than expected Average Earnings Including Bonus at 7% year on year while the market was waiting for yearly rising by only 5.4%, after 5.6% ...
GBPUSD gains momentum near 1.2400 in very short-term
GBPUSD is gaining ground after the sell-off towards the two-year low of 1.2120 and is moving towards the inside swing low from April 28 at 1.2410. The technical indicators are mirroring the current ...