inflation data<\/a> which is set to show that inflation cooled to 9.1% YoY in January, down from 9.2% in December.<\/p>\nThe data comes after GDP data yesterday showed that the economy avoided a recession, unexpectedly growing 0.1% QoQ.<\/p>\n
The pound struggled yesterday and continues under pressure after the IMF downwardly revised its UK GDP forecast in 2023 to -0.6% contraction. The UK is the only G7 nation whose economy is expected to contract.<\/p>\n
UK manufacturing PMI data is due later today and is expected to confirm contraction.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is falling for a third straight day, edging away from \u20ac1.1350. The euro is pushing higher ahead of inflation data which is set to show that inflation cooled to 9.1% YoY in January, down from 9.2% in December. The data comes after GDP data yesterday showed that the economy […]<\/p>\n","protected":false},"author":163946598,"featured_media":5190,"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-113773","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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