Since the UK's inflation release yesterday, The Pound has had mixed reactions against both EUR & USD. Usually stronger than expected inflation would see the currency strengthen as it incentivises outside investment.
But the reaction has seen The Pound initially drop off by half a percent, before recovering ground. Against the Dollar, we had seen The Pound dip below 1.34 briefly before recovering again.
It looks like investor sentiment is slightly cloudy as bonds fell yesterday with yields rising which would usually see investors taking advantage of this opportunity which in turn would generally support Sterling.
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