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Sterling at 1.52 handle

After it went below 1.51 handle, minutes after UK CPI figures were released showing further decline in inflation, this month to 0.5%, Sterling equally quickly rebounded. Support for Sterling came from Bank of England governor Mark Carney who said it was "possible" that overall living costs will start to fall in the coming months on due to the decline in petrol and food prices.
 
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Sterling stable despite despite disappointing yesterday's CPI figures

Sterling remained stable despite disappointing yesterday's CPI figures. To remind ourselves UK CPI increased by 0.5%, down from 1.0% last month and missing market expectations on 0.7% incline. After initial fall pair managed to rebound easily indicating possible uptrend soon.

Sterling little changed in a quite Monday trade

Despite small rebound on Friday which was supported by better than expected Manufacturing Production and Trade Balance figures Sterling remains under pressure as recent PMI data showed weaker than forecasted figures, while if it is to believe to analysts we can expect slowdown in GDP growth in fourth quarter, overall.
 
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BoE left its interest rates unchanged

As it was largely expected the Bank of England’s Monetary Policy Committee at its meeting today voted to maintain Bank Rate at 0.5%.  The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £375 billion, and so to reinvest the £4.35 billion of cash flows associated with the redemption of the January 2015 gilt held in the Asset Purchase Facility. 
 
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