Sterling Strengthens on Unexpected Rise in CPI

Filed Under (Forex technical) by on 24-03-2009

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Sterling rises sharply in European session following the release of CPI from UK. CPI rose +0.9% mom in February, more than market expectation of +0.3% and a -0.7% decline in the previous month as driven by rallies in prices for food and non-alcoholic beverages. On annual basis, the gauge rise…

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