German CPI data<\/a> which confirmed that inflation cooled to 7.2% YoY in April, down from 7.4% in March.<\/p>\nECB chief economist Philip Lane warned that inflation momentum remains high.<\/p>\n
The pound is rising boosted by optimism that the UK economy is faring better than feared. A strong of better than expected GDP, services and jobs data has supported GBP.<\/p>\n
The BoE is expected to hike rates by 25 bps tomorrow, and with inflation still over 10% could remain hawkish.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is holding steady around \u20ac1.15, a 5-month high. The euro is unmoved by German CPI data which confirmed that inflation cooled to 7.2% YoY in April, down from 7.4% in March. ECB chief economist Philip Lane warned that inflation momentum remains high. The pound is rising boosted by optimism […]<\/p>\n","protected":false},"author":163946598,"featured_media":5444,"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-114395","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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