German wholesale inflation<\/a> (PPI) slowing by more than expected. PPI cooled to -1.4% MoM in May down from 0.3% in April.<\/p>\nECB policymakers are increasingly divided over the future path of rate hikes beyond July’s hike.<\/p>\n
The pound is falling after data showed that food price inflation has eased to its slowest pace this year of 1.6% down from 17.2%.<\/p>\n
The data comes ahead of tomorrow’s inflation print and Thursday’s BoE interest rate decision.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is falling for a second straight day. The euro is pushing higher despite German wholesale inflation (PPI) slowing by more than expected. PPI cooled to -1.4% MoM in May down from 0.3% in April. ECB policymakers are increasingly divided over the future path of rate hikes beyond July’s hike. […]<\/p>\n","protected":false},"author":163946598,"featured_media":5412,"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-114620","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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