Gate.io: The pound may continue to fall this week and could be impacted by inflation data.

Golden Ten Data, January 13, today, the pound fell to a more than two-year low against the US dollar and a 10-week low against the euro. Chris Turner, an analyst at ING, said in a note that the pound could fall further this week as UK inflation data on Wednesday could be negative for the pound. The data showed that the rise in inflation “could cause more trouble for gilts”. UK gilt yields hit multi-year highs last week, raising concerns about the UK’s fiscal sustainability, which also hit the pound. On the other hand, the weak data will increase the likelihood of a rate cut by the UK’s Central Bank. “The pound will take a hit in both cases,” Turner said. ”