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Russia Producer Price Index (YoY): 0.1% (June) vs previous 0.3%

GBP/USD rallies on US PPI dip and Trump’s potential Powell removal

The GBP/USD reverses its course and rallies as the latest US Producer Price Index (PPI) reignites hopes of a rate cut by the Fed, while headlines suggest that Trump could fire Fed Chair Powell. At the same time, inflation on the consumer side in the UK surprised investors, exceeding forecasts.
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Russia Producer Price Index (MoM) remains at -1.3% in June

Russia Producer Price Index (MoM) remains at -1.3% in June
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