FX News

FX update: Economic Data Continues to Disappoint

Major Announcements last week:
UK CPI rises from 8.4% to 8.7% y/y.
Bank of England hike cash rate 50 points from 4.50% to 5.0%.
UK Retail Sales prints at 0.3% vs -0.2% expected.
French and German manufacturing prints poor losing recent momentum.

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