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UK Preliminary Services PMI unexpectedly drops to 51.2 in July vs. 53 expected

Junko Koeda recently argued for the need to monitor second-round effects from rising rice costs. Another board member, Hajime Takata, said this month the BOJ must resume rate hikes after a temporary pause as Japan was on the cusp of achieving the bank's 2% target.

"If upward inflation risks heighten, the BOJ may need to act decisively as a guardian of price stability," its hawkish policymaker Naoki Tamura said late last month.

United Kingdom S&P Global Manufacturing PMI above expectations (48) in July: Actual (48.2)

United Kingdom S&P Global Manufacturing PMI above expectations (48) in July: Actual (48.2)
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EUR/GBP hits session highs at 0.8680 on upbeat Eurozone PMIs, trade deal hopes

The Euro is posting moderate gains on Thursday, after bouncing from 0.8640 on Wednesday, but remains trapped within the weekly range, with investors awaiting details of a widely expected trade deal with the US, and the outcome of the European Central Bank’s meeting.News reporting that Eurozone and U
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