US: Annual core CPI drops to 1.2% in May vs. 1.3% expected

Inflation in the US, as measured by the Consumer Price Index (CPI), was -0.1% and 0.1% on a monthly and yearly basis, respectively, in May, the US Bur
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GBP/USD clings to gains near multi-month tops, just below 1.2800 post-US CPI

The GBP/USD pair maintained its strong bid tone through the early North American session, albeit struggled to extend the momentum beyond the 1.2800 ma
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