German PPI inflation<\/a> is expected to ease to 41.5% in October, down from 45.8%<\/p>\nThe pound rose despite the Chancellor warning that the UK is already in a recession. His Budget paved the way for large tax rises and spending cuts.<\/p>\n
UK retail sales were stronger than expected in October, rising 0.6%.<\/p>\n
Today there is no high impacting UK data. BoE’s Cunliffe is due to speak.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is trading flat above \u20ac1.15 after gains last week. The euro struggled last week as inflation hit a record high of 10.6% YoY and ECB’s Lagarde warned of recession risks rising, Today German PPI inflation is expected to ease to 41.5% in October, down from 45.8% The pound rose […]<\/p>\n","protected":false},"author":163946598,"featured_media":5460,"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-113449","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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