Excerpt from today’s Daily commentary:

Sterling slides as the latest UK Inflation undershoots expectations and keeps sellers in control as we enter holiday trading conditions… relief for consumers as real wage growth continues to outpace the rise in consumer prices, delivering a boost to household finances in the wake of further Brexit uncertainty… Price action saw investors move to the downside as GBPEUR tested the 1.1500 support levels despite eurozone Inflation remaining flat at 1.4%…
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