Gold Prices Near 6-Week Dollar Low, 15-Week GBP High on US vs UK GDP and Inflation

"The Bank of England is [now] more likely than not to sit tight at [its] May meeting," reckons Howard Archer, chief advisor at economic forecasting group EY Item Club. That would leave UK interest rates at 0.5% – fully two percentage points below the most recent annual pace of inflation. "However, we ...

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