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GBP/JPY Sees Boost from UK Consumer Price Data and Decrease in Safe Haven Flows
The Impact of UK Inflation Data on GBP/JPY Trading GBP/JPY trades higher by about two-thirds of a percent in the 197.30s on Wednesday, after the release of higher-than-expected UK inflation data cemented bets the Bank of England (BoE) will leave its key bank interest rate at a relatively high 4.75% at its December policy meeting,…