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FX Daily: Dollar Starts To Look Cheap In The Short Term

FX Daily: Dollar Starts To Look Cheap In The Short Term
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BoE survey reveals lower public inflation expectation

The latest Bank of England/Ipsos quarterly Inflation Attitudes Survey show inflation expectations decreased in the near term. There's also a shift in public sentiment towards a more balanced view of the economic situation in the UK, with decreasing number of people expecting further interest rate hikes and an increasing number advocating for stability or reduction in rates.

Britons Short-Term Inflation Expectations Ease: BoE/IPSOS Survey

Britons Short-Term Inflation Expectations Ease: BoE/IPSOS Survey
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Dollar Rallies on Strong US Employment Data

Dollar jumps in early US session, buoyed by a robust set of employment data. headline job growth exceeded expectations, narrowly missing 200k mark, while unemployment rate showed a decline. This data suggests a still-tight job market, raising concerns among some market participants that underlying inflation pressures may not be easing as hoped. Notably, strong wage growth stands out as a key indicator of persistent inflationary pressures.

Frustrations mount over Bank s management of inflation

Frustrations mount over Bank s management of inflation
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