The sterling pound (GBP) had an immediate rebound after the strong impression of the June CPI in the United Kingdom, which reduced the probability of a more moderate policy position in the BOE, BBH FX analysts report.
GBP briefly upward; Short positions are preferred in Eur
“The General Index rose to 3.6% year -on -year (consensus and projection of the BOE: 3.4%) compared to 3.4% in May, the highest since January 2024. The highest upward contribution came from transport. The underlying IPC increased to a maximum of two months of 3.7% year -on -year consecutive in 4.7%year -on -year (consensus: 4.5%, BOE projection: 4.6%). “
“In our opinion, the combination of high inflation underlying in the United Kingdom and a growth perspective for GBP.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
![News and prognosis of the price of the pound sterling: the GBP/USD earns even when the unemployment rate in the United Kingdom is accelerated [Video]](https://editorial.fxsstatic.com/images/i/gbp-usd-001_Large.jpg "News and prognosis of the price of the pound sterling: the GBP/USD earns even when the unemployment rate in the United Kingdom is accelerated [Video]")
