UK awaits CPI data for clues on monetary policy

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The UK CPI data will be released today at 0830 GMT and the news release puts the Pound Sterling at risk across the board. Persistently low inflation has weakened the case for the BoE's rate hike plans, which was earlier planned for a rate hike in 2015, but with falling Crude oil prices and a broader strength in the British Pound helped keep inflation below the BoE's target of 2%. Over the cours...

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