
UK Inflation Uptick Clouds BoE Outlook, GBP/USD Eyes $1.35 Breakout
Last week’s labor market and GDP data cut the 25 base point rate of Bank of England to 4%. However, 5–4 votes in favor of cutting rates underlined the inflation of the Monetary Policy Committee and the split stance on the labor market. Today’s inflation figures reduce the possibility of another cut in September, but…