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GBP Faces Softening vs EUR as UK Inflation Risks Align with Dovish Outlook; CEE FX Poised for Further Rally
Our economics team expects Wednesday's UK services inflation to undershoot the BoE's projection with a 4.6% read, which is also below the 4.8% consensus. That can modestly move the needle to the dovish side in the GBP swap curve and weigh on the pound this week.
