South Korea Consumer Price Index Growth (MoM) in line with forecasts (0.3%) in July

Aug 2, 2024

South Korea Consumer Price Index Growth (YoY) registered at 2.6% above expectations (2.5%) in July

GBPUSD backslides after BoE rate cut with NFP looming ahead

GBP/USD found a new hole in the floor on Thursday, declining towards the 1.2700 handle after fresh recession fears off the back of a miss in US Purchasing Managers Index (PMI) figures that mixed poorly with easing Pound Sterling flows after the Bank of England (BoE) delivered a broadly-expected quarter-point rate trim.