Sterling lost approximately half a per cent yesterday against major rivals the euro and US dollar, respectively, immediately after UK inflation eased to 3.9% a 28-month low.
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The GBP/USD rate fell to a daily low yesterday in the early European session following softer-than-expected inflation readings from the UK.
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The euro’s recovery from last week’s lows were stunted yesterday following contractions in construction output and after Monday’s downbeat business sentiment.
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On Friday, we’ll receive data for the core PCE prices in the US, which exclude food and energy. Forecasts expect prices to have increased by 0.2% in November, from 0.2% growth in October.
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I’m not sure if central bankers do high-fives, but there will certainly be a few thumbs up in the Bank of England WhatsApp chat this morning as inflation beat all expectations to fall to 3.9% this morning. Great…
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The US dollar fell against its major rivals to end Tuesday’s session down by seven-tenths of a per cent against the pound and around 0.5% against the euro. GBP/EUR made marginal gains as markets continued their wait for…
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The US dollar fell against both the pound and the euro in Tuesday’s session.
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This morning investors heard that the GfK consumer climate indicator for Germany rose to -25 heading into January, from -27.6 in December. This is the highest morale has been since August amid notable rises in income expectations and…
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