UK inflation is accelerating ... the GBPUSD's reaction to the better-than-expected data was unusual, with the pound falling below 1.2590 and testing the lows of this week's range.

with the slump in the value of the pound threatening to add to resurgent price pressures. Bloomberg’s SHOK model is similar to the BOE’s own method for predicting inflation in the months ahead.

That said, sentiment on the pound has deteriorated markedly in recent weeks as the British government’s borrowing has accelerated, inflation in the UK declined and the economy was overall ...

US developments dominated on Wednesday, with stronger-than-expected inflation data triggering sharp Pound losses while markets were also on edge over US trade policies. Fears over a weak GDP ...