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Market analysis - October 19, 2018
With Brexit-based uncertainty continuing to mount in the wake of the failed crunch meeting between Theresa May and EU leaders the pound remains vulnerable to losses today.
The pound came under renewed pressure yesterday thanks to an unexpectedly sharp easing of the UK consumer price index, which slowed from 2.7% to 2.4% in September.
On the heels of yesterday’s better-than-expected UK wage growth investors are hoping to see an easing in September’s consumer price index data.
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