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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 15/Jan 11:07

Sterling weakens after cooler UK CPI data

The EURGBP cross extended the rally to 0.8445 during early European trading hours on Wednesday. The Pound Sterling weakened against the shared currency after the cooler-than-expected UK Consumer Price Index (CPI) inflation data for December. Later on Wednesday, the Eurozone Industrial Production will be released. Also, European Central Bank Vice President Luis de Guindos will deliver a speech on the same day. Data released by the Office for National Statistics showed that the UK’s headline CPI rose 2.5% YoY in December, compared to 2.6% in November. This reading came in softer than the 2.7% expected. The Core CPI, which excludes the

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