GBP/USD offered below 1.2372/1.2405 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted Cable’s stance stays offered below the 1.2372/1.2405 band. Key Quotes “Sterling’s
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US CPI up 2.7% YoY in February

The Bureau of Labor Statistics reported that inflation figures tracked by the CPI rose at an annualized 2.7% during last month, while the CPI strippin
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