Pound Holds Its Breath Ahead of Bank of England Decision
By RoboForex Analytical Department The British pound declined to around $1.3300 against the US dollar on Wednesday, as UK inflation undershot expectations and reinforced market convictions that the Bank of England (BoE) will cut interest rates on Thursday. The annual Consumer Prices Index (CPI) inflation rate slowed to 3.2% in November, missing forecasts of 3.5%…