UK CPI<\/a> unexpectedly cooled to 6.7% YoY in August from 6.8% in July and below the 7% forecast. Core inflation eased to 6.2% YoY from 6.9% in July.<\/p>\nThe market has lowered its bets for a rate hike tomorrow to 70% from 90% and no longer expects a further rate hike beyond this from the BoE, pulling the pound lower.<\/p>\n
The euro is rising despite German wholesale inflation fell -12.6% YoY in August after falling -6% in July.<\/p>\n
There are many ECB officials due to speak today, who could shed more light on the future path for interest rates.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound-euro (GBP\/EUR) exchange rate is falling to a monthly low. The pound is under pressure after UK CPI unexpectedly cooled to 6.7% YoY in August from 6.8% in July and below the 7% forecast. Core inflation eased to 6.2% YoY from 6.9% in July. The market has lowered its bets for a rate hike […]<\/p>\n","protected":false},"author":163946598,"featured_media":3249,"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-115064","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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