UK consumer confidence<\/a>, which rose to -44, from -47. A rebound in retail sales to +0.6% MoM, after falling -1.5% MoM in September, is adding to the upbeat mood.<\/p>\nThe euro is under pressure after ECB President Christine Lagarde said that the risk of a recession is rising.<\/p>\n
She also said that the ECB would likely need to raise interest rates higher in order to tame inflation.<\/p>\n
Inflation rose to 10.6% YoY, a record high and up from 9.9% in September.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is rising on Friday towards \u20ac1.15 and is set to book a weekly gain. The pound is being lifted by stronger than expected UK consumer confidence, which rose to -44, from -47. A rebound in retail sales to +0.6% MoM, after falling -1.5% MoM in September, is adding to […]<\/p>\n","protected":false},"author":163946598,"featured_media":5224,"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-113441","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
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