ing daily highs at 1.2313, followed by a dip towards daily lows near 1.2238. At 1.2277, the GBP/USD is up 0.05% in the North American session.
Given the backdrop that UK’s inflation rose to a 40-year high at 9.1%, analysts expect that the central bank will hike rates by 25 bps in August. TheMonetary Policy Committee is due to consider the plan of selling bonds in the same meeting, after which it could decide to start the asset sales. to mixed. That said, the US 10-year Treasury yield is moving higher by six basis points, yielding 3.200%-Index, a measure of the buck’s value vs. its peers, give in some territory on Monday, down 0.18%, back under the 104.000 mark.
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