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FxPro

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Sterling higher on Inflation Report

Sterling has pushed above 1.53 after the Inflation Report. The press conference has seen this move enhanced, with the Bank of England Governor underlining the view that the drop in headline inflation seen will be temporary, with upward revisions to growth vs. the November report also being seen. EURGBP has also moved below the 0.74 level for the first time since February 2008.

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