Russia Producer Price Index (MoM): 0.9% (August) vs -2.5%

The Pound sells its own inflation spike ahead of a Fed hike

The Pound trades just above 1.3450, down 23 pips, after a morning that ran in two directions. It climbed into the August inflation release at 06:00 GMT, spiked on it, then spent six hours handing the move back and another 30 pips with it.
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Russia Producer Price Index (YoY) down to 6.5% in August from previous 6.6%

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