How do you think the downturn in U.K. inflation could affect long-term GBP price action?
The U.K. is moving close to deflation at this rate so it's likely the pound will keep weakening.
I'll have to wait and see how it affects their economic data before deciding on my long-term GBP bias.
It will actually be good for spending and growth so it will lift the pound in the long run.
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