The pound euro exchange rate is rising after two days of losses.<\/p>\n
The euro is falling after inflation cooled by more than expected in November, dropping -0.6% MoM, a larger fall than the -0.5% preliminary reading.<\/p>\n
On an annual basis, CPI cooled to 2.4% in line with the preliminary reading.<\/p>\n
The pound is drifting higher ahead of tomorrow’s inflation data, which is expected to cool to 4.4%, down from 4.6%.<\/p>\n
This is still over twice the BoE’s target 2% level and supports the central bank’s hawkish stance in last week’s meeting.<\/p>\n
UK GDP and retail sales data is due later in the week.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro exchange rate is rising after two days of losses. The euro is falling after inflation cooled by more than expected in November, dropping -0.6% MoM, a larger fall than the -0.5% preliminary reading. On an annual basis, CPI cooled to 2.4% in line with the preliminary reading. The pound is drifting higher […]<\/p>\n","protected":false},"author":163946598,"featured_media":0,"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-115545","post","type-post","status-publish","format-standard","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n