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Pound lower after soft U.K. inflation data

Published 07/18/2017, 07:40 AM
© Reuters.  Pound lower after soft U.K. inflation data
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  • Annual inflation fell to 2.6% in June, well short of expectations for the rate to be unchanged at 2.9%.
  • Calling the print "a real surprise," Aberdeen Asset's Lucy O'Carroll says it's "going to kill the chances" a of rate hike anytime soon.
  • The pound (NYSEARCA:FXB) tumbled earlier this morning on the news, and hasn't really recovered, now down 0.3% vs. the dollar to $1.3019. The FTSE is flat on the session, with the rest of Europe in the red.
  • ETFs: FXB, EWU, GBB, DBUK, FKU, EWUS, DXPS, HEWU, QGBR
  • Now read: In Memoriam

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