The Pound Sterling falls through the key support at1.2765 amid further moderation in Bank of England and Ipsos inflation expectations, says Shaun Osborne, Chief FX Strategist at Scotiabank. UK elections,softer inflation expectations drive GBP lower “Sterling is softer on the session, tracking its peers. The NanBoE/Ipsos inflation expectations survey reflects a further moderation in inflation expectations over the coming year . The result was the lowest since August 2021.
fell through our key support at 1.2675 within a session. Resistance is at 1.2765.”
BOE Inflation
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