Pound strong following record UK inflation

The pound is still at strong levels against the euro and the dollar this morning following high inflation rate data yesterday. It is hoped that this will prompt the Bank of England to take a more ‘hawkish’ stance towards monetary policy and interest rates. Comments...


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USD: Dollar weaker after inflation data

The dollar weakened against various currencies yesterday following the latest US inflation rate, edged up just 0.1% last month, missing expectations. This has created uncertainty about when the Federal Reserve will start to taper its monetary policy measures and...


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EUR: ECB officials to speak today and tomorrow

The euro strengthened against the dollar yesterday after US inflation figures were released. It could also still be building on strength from last week, after the European Central Bank confirmed that it would begin to slow down its pandemic bond-buying programme. A...


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GBP: Pound still strong after inflation figures

The pound maintained its strength against the euro and the dollar yesterday, mainly due to positive employment data and comments last week from Governor of the Bank of England, Andrew Bailey. He revealed that half of the Monetary Policy Committee were in favour of...


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UK inflation rises to highest level since 2012

The pound reached a 5-week high against the dollar yesterday and a 3-week high against the euro after positive jobs data, which shows that the number of payrolled employees in the UK has risen to pre-pandemic levels. It is still strong this morning after inflation...


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