Epic Research Singapore : Forex Market Update

The British pound GBPUSD -0.09%  rose to $1.6444 from $1.6385 late Monday. The U.K.’s annual rate of inflation in December dropped to 2%, which is Bank of England’s target, from 2.1% in November. The surprise decline in December brings annual inflation to its lowest rate since Nov. 2009.  
 Meanwhile, the Australian dollar AUDUSD -0.58%  slipped to 89.63 U.S. cents from 90.60 U.S. cents late Monday.

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