record wage growth<\/a> of 7.3% 3Mo\/Yr May, ahead of the 7.1% forecast. The data keeps pressure on the BoE to continue hiking rates.<\/p>\nToday’s financial stability report reveals that rising rates have created stress on the financial system.<\/p>\n
The euro is rising after German inflation rose to 6.4% YoY in June, up from 6.1% in May.<\/p>\n
However Spanish inflation cooled to 1.9% YoY highlighting the struggles that the ECB faces in creating policy for the region.<\/p>\n
The ECB is expected to hike rates by 25 basis points later this month.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is easing lower towards \u20ac1.1725 after strong gains yesterday. The pound was lifted yesterday by record wage growth of 7.3% 3Mo\/Yr May, ahead of the 7.1% forecast. The data keeps pressure on the BoE to continue hiking rates. Today’s financial stability report reveals that rising rates have created stress […]<\/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-114743","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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