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Cable and Euro shrug off CPI and ZEW
00:00, 16 July 2013
The pound appears to be shrugging off this mornings inflation data, which came in slightly lower than expected at 2.9%. Attention now shifts to tomorrow's MPC minutes from the Bank of England, while the latest ZEW survey for Germany missed expectations to the downside knocking the euro briefly lower, however the effects have been subdued, with the euro quickly bouncing back.