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Today's All Things Forex Broadcast: GBP vs. USD: Is a Bank of England Rate Hike Inevitable?

|Includes: SPDR Dow Jones Industrial Average ETF (DIA), EEA, GBB, GOLD, JYN, UDN, USD

In the broadcast today: GBP vs. USD: Is a Bank of England Rate Hike Inevitable? Following the U.K. CPI data which showed inflation accelerating faster-than-expected, we explore the prospects for a Bank of England rate hike sooner than later and ponder its potential impact on the GBP, we analyze the latest trend developments in the GBP/USD and EUR/GBP currency pairs, we take a look at the EUR/USD pair in the aftermath of the EU finance ministers meeting, we examine the bullish breakout in the USD/JPY pair after the statements from the Japanese Ministry of Finance, we highlight the market's reaction to the Eurogroup meeting, the U.S. debt ceiling debate, the German ZEW Economic Sentiment Index, and the U.K. Consumer Price Index, we discuss new forecasts from Bank of Tokyo-Mitsubishi, Commerzbank and UBS, and prepare for the trading session ahead.
 

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