higher than expected eurozone inflation data<\/a>. Inflation remained unchanged at 5.3% YoY in August. Expectations had been for a fall to 5.1%. Core inflation eased to 5.3% YoY from 5.5% in July.<\/p>\nThe ECB will decide in 2 weeks whether to raise interest rates for a 10th straight meeting.<\/p>\n
The pound is rising after hawkish comments from BoE chief economist Huw Pill who sees rates remaining elevated a long period to tame inflation.<\/p>\n
There is no high impacting UK data due today, investors will continue digesting Pill’s comments.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is rising for a second day. The euro is falling despite higher than expected eurozone inflation data. Inflation remained unchanged at 5.3% YoY in August. Expectations had been for a fall to 5.1%. Core inflation eased to 5.3% YoY from 5.5% in July. The ECB will decide in 2 […]<\/p>\n","protected":false},"author":163946598,"featured_media":5599,"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-114956","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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