After strengthening yesterday following inflation rate data, the pound has weakened slightly this morning due to disappointing labour market figures. However, it is still trading near three-month highs.
Tomorrow morning, it’s the Eurozone’s turn to release its latest inflation figures. In a speech yesterday, ECB official, Isabel Schnabel, suggested that the central bank will wait for higher core inflation before tightening monetary policy.
Following higher-than-expected inflation figures earlier in the week, Federal Reserve Chair, Jerome Powell said yesterday that it’s too earlier to start tightening monetary policy.
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