UK inflation<\/a> cooled by more than expected to 6.8% YoY in July, down from 7.9% YoY in June and in-line with forecasts.<\/p>\nHowever core inflation remained unchanged at 6.9% YoY. Analysts had forecast 6.8%. Hot core inflation keeps pressure on the BoE to keep hiking interest rates.<\/p>\n
The euro is falling despite upbeat economic data, with GDP confirming 0.3% QoQ growth in Q2, up from 0% in Q1. Industrial production also rose by more than forecast at 0.5% MoM in June, up from 0% in May.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is rising for a fourth straight day, pushing above \u20ac1.1650. The pound is rising after UK inflation cooled by more than expected to 6.8% YoY in July, down from 7.9% YoY in June and in-line with forecasts. However core inflation remained unchanged at 6.9% YoY. Analysts had forecast 6.8%. […]<\/p>\n","protected":false},"author":163946598,"featured_media":4636,"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-114864","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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