UK GDP<\/a> came in at 0.2% QoQ in line with forecasts. However, 2022 growth was upwardly revised to 4.3%, helping o boost the pound.<\/p>\nStill the UK economic outlook remains weak with a contraction likely in Q3.<\/p>\n
The euro is falling ahead of inflation data. Eurozone inflation is expected to cool to 4.5% YoY from 5.2%. The data comes after German inflation cooled to 4.5% from 6.1%.<\/p>\n
Cooler than expected inflation would support the view that the ECB has reached peak rates.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is holding steady around \u20ac1.1550 and is set to rise across the week after three week’s of losses. UK GDP came in at 0.2% QoQ in line with forecasts. However, 2022 growth was upwardly revised to 4.3%, helping o boost the pound. Still the UK economic outlook remains weak […]<\/p>\n","protected":false},"author":163946598,"featured_media":5643,"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-115115","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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