The latest UK inflation data has raised strong concerns about a potential rate cut from the Bank of England (BoE) during its Monetary Policy Committee meeting tomorrow. November's Consumer Price Index (CPI) revealed a considerable decline, coming in lower than analysts had anticipated, which has prompted traders to reassess their positions on the GBP/USD exchange rate. As a result, the pound has weakened against the dollar, trading around 1.2100.
Market sentiment is now leaning heavily towards a dovish stance from the BoE, with expectations mounting that the central bank may opt for a rate cut to stimulate economic growth. This shift in outlook could further influence the GBP/EUR trading dynamics, as the euro remains relatively stable against the greenback. Investors are closely monitoring these developments, as they could lead to increased volatility in currency pairs involving the pound in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2025-12-17 11:20
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.