HomeCryptoWhy Bitcoin Traders Should Care About Double-Digit Inflation in the UK

Why Bitcoin Traders Should Care About Double-Digit Inflation in the UK

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“The British pound gained value after the U.S. consumer price index fell slightly,” Silvia said. “With the latest inflation in the UK, the pound could be a bit more expensive, especially if the Federal Reserve only raises the funds rate by 50 basis points in September.” (The basis point is 0.01 percentage point.)

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