The pound euro (GBP\/EUR) exchange is edging lower after strong gains yesterday.<\/p>\n
The pound rallied after UK wages grew at 5.7% YoY, adding to inflationary pressures.<\/p>\n
Attention is now on inflation data, which is expected to rise to 10.7% YoY in October a fresh 40 year high. Hot inflation will pile pressure on the BoE to keep hiking interest rates.<\/p>\n
The euro is rising after the US considers that Russia was unlikely to have sent the missile which landed in Poland.<\/p>\n
German ZEW economic sentiment was ahead of forecasts at -30, up from -59.2.<\/p>\n
There is no high impacting data today. ECB’s Lagarde is to speak.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange is edging lower after strong gains yesterday. The pound rallied after UK wages grew at 5.7% YoY, adding to inflationary pressures. Attention is now on inflation data, which is expected to rise to 10.7% YoY in October a fresh 40 year high. Hot inflation will pile pressure on the BoE […]<\/p>\n","protected":false},"author":163946598,"featured_media":5236,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,1394,2410],"class_list":["post-113429","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n