Pound Sterling Surges to 1.2850 as Soft US Inflation Sparks Fed Rate Cut Speculation

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The Pound Sterling (GBP) experienced a significant rally against the US Dollar (USD) on Wednesday, reaching nearly 1.2850 during the New York session. This surge was fueled by the softer-than-expected US Consumer Price Index (CPI) report for May, which indicated easing inflationary pressures. US Inflation Cools, Rate Cut Bets Heat Up The CPI report revealed […]