GBP/USD struggles after UK inflation jumps to a 41-year high – Daily Market Brief, November 16, 2022

UK CPI surged to 11.1% YoY in October, up from 10.1%, piling pressure on the BoE to hike interest rates again. GBP/USD struggles to find demand. ·         US PPI drops to 8% YoY, adding to evidence that inflation is cooling ·         NATO to investigate after Russian missile … Continue reading GBP/USD struggles after UK inflation jumps to a 41-year high – Daily Market Brief, November 16, 2022 →Read more