New Zealand QoQ CPI inflation rises to 6.8% QoQ in Q1 vs. 0.6% expected

Inflation in New Zealand, as measured by the change in the Consumer Price Index (CPI), rose to 6.8% QoQ in the first quarter (Q1) of 2024 from 0.5% in the previous reading, Statistics New Zealand reported on Wednesday.
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GBP/USD remains on the defensive above 1.2420, eyes on UK CPI data

The GBP/USD pair remains on the defensive around 1.2430 during the early Asian session on Wednesday.
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