The recent positive shift in the Claimant Count has bolstered confidence in the British Pound (GBP), driving a bullish outlook in the market. With the Consumer Price Index (CPI) data set to be released tomorrow, August 14th, 2024, traders are anticipating further gains for the GBP. A robust CPI report is expected to reinforce the currency's upward momentum, potentially leading to a significant rally. As the market awaits this key economic indicator, the bullish sentiment surrounding the GBP continues to build.
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