GBP/USD falls below 1.3400 as US inflation reignites Dollar rally
US CPI rises to 2.7% YoY, first meaningful jump in five months. Core inflation sticks at 2.9%, reinforcing Fed’s cautious stance. UK growth concerns deepen as BoE rate cut bets rise to two by year-end. The GBP/USD extended its losses to four consecutive days after the latest inflation report in the United States (US) showed…