The Pound Sterling (GBP) trades higher against its major currency peers on Wednesday as Bank of England (BoE) rate-setting members have favoured the gradual removal of monetary policy restrictiveness over aggressive easing.
At first glance, the inflation data from China published this morning suggests that deflationary pressure appears to be easing. At least consumer prices rose at an annual rate of 0.7%, which is significantly faster than recently (0.2% in October).
Ripple (XRP) is extending its consolidation above a key $2.00 support level at the time of writing on Tuesday, as the broader cryptocurrency market struggles with increasing macroeconomic uncertainty.