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Softer UK inflation pushed GBP/USD to weekly lows, boosting expectations the Bank of England holds rates, limiting upside.
UK May CPI held at 2.8%, below forecasts; core edged up, but pressures softening, BoE hikes uncertain.
Softer UK inflation and labour data may curb BoE hikes, lifting EUR/GBP to 0.87, pressuring GBP/USD.
UK house prices rose 3.8% in April, beating forecasts, bolstering sterling and supporting a hawkish BoE.
UK May PPI output rose 0.5% m/m, matching forecasts, keeping BoE cautious, supporting GBP and subdued FTSE volatility.
GBP/USD rises on Middle East optimism; traders await UK CPI and Fed decision, with volatility likely.
GBP/USD stays rangebound ahead of UK CPI, Fed decision, and BoE meeting; key levels 1.3450/1.3400.
GBP/USD held above 1.3400 as markets awaited Fed decision; volatility risks rise, BoE divergence supportive.
Sterling holds above 1.3400 as geopolitical risks ease; traders await Fed and BoE signals, volatility expected.
GBP/USD hovers near 1.3400 ahead of Fed, BoE decisions and US-Iran deal, with volatility opportunities.
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