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Back Fundamental analysis
GBP/USD: Bailey's Hawkish Position and Market Expectations
Inflation accelerated to 3.1% y/y in
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Inflation accelerated to 3.1% y/y in August, reaching a five-month high and rising noticeably from July's 2.9%, while core inflation remained at 2.6% for the fourth consecutive month. The headline index is accelerating solely due to energy prices, while underlying domestic price pressures show no signs of intensifying.Retail sales increased by 0.5% m/m in August, fully reversing July's 0.5% decline, while the market had expected another decrease. On an annual basis, growth reached 2.4%, compared with the forecast of 1.6%.The
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