GBP/USD advances towards 1.3850 as UK annualized CPI beats estimates with 2.5% in June

  • UK CPI rises by 2.5% YoY in June vs. +2.2% expected.
  • Monthly UK CPI arrives at +0.5% in June vs. +0.2% expected.
  • GBP/USD rises by a few pips towards 1.3850 on upbeat UK CPIs.

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USD/JPY clings to the 110.00-111.15 range – UOB

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