FX Radio: US CPI Warrants Less Hawkish Bias, British Pound Awaits BOE Inflation Repor

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[B]Key  Points[/B]  

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  • Softer US CPI sends dollar plunging

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  • Fed speak from Bernanke, Fisher, Hoenig could add more volatility

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  • British pound price action to be determined by BOE Quarterly Inflation Report - see Cross Market Reactions for more in-depth analysis