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The market reacted cautiously to UK inflation data, and the pound only saw a small pump
Jinshi data news on February 19th, Wednesday, after the UK announced inflation data higher than expected, the pound rose slightly. Analyst Francesco Pesole of ING Group stated in a report that this reaction reflects the details of the report. The overall inflation rate in January rose by 3.0% year-on-year, mainly due to the unexpected surge in food prices, which the market did not pay much attention to. Service sector inflation was slightly lower than expected. This benign trend may continue into the second quarter and support the Central Bank of England to cut interest rates once each quarter this year.