Inflation in the UK is slightly cooler than markets had anticipated. Prices dropped by 0.5% m-m as projected, but the y/y numbers are a miss. CPI is up 1.8% and core CPI remained stuck at 1.6%. GBP/USD, which was already sliding, extended the falls and hit a new low of 1.2483. Here is how it looks [...]
The post UK inflation misses with 1.8% – GBP/USD extends slide appeared first on Forex Crunch.
via Forex Crunch
No comments:
Post a Comment