Inflation in Germany, as measured by the Consumer Price Index (CPI), jumped to 0.9% (preliminary) on a monthly basis in June from 0.4% in May. On a yearly basis, the CPI rose to 3.8% from 2.2%. Both of these readings came in higher than market expectations.
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Sterling Rebounds Following Softer US PCE Data
The Pound Sterling bounces back strongly above 1.3400 against the US Dollar after soft US …