Pound steady after July inflation prints in line with expectations, limiting BoE rate pressure
The pound held modest gains after UK consumer price inflation rose to 2.9% in July, matching consensus and remaining close to the Bank of England's own 2.8% projection. Core inflation remained contained at 2.6% and services inflation cooled to 3.4%, a mix that reduced near-term upward pressure on Bank of England rates. Traders now turn to tonight's…