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Sterling Strengthens on Inflation Data, More BoE Hike(s) Expected

Sterling climbed broadly today following the release of data showing that March's inflation slowed less than expected, with CPI remaining in double digits. This development supports expectations of a further 25bps rate hike by BOE in May, with some speculating that an additional increase could bring the terminal rate to 4.75% in June. Despite this, Dollar is slightly strong due thanks to rising treasury yields. Canadian Dollar is currently the weakest performer for the day, followed by Japa...
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