The pound euro (GBP\/EUR) exchange rate is heading higher after two days of losses.<\/p>\n
The pound is rising after UK CPI rose to 4% YoY in December, up from 3.9% in the previous month and ahead of the 3.8% forecast. Corew CPI also held steady at 5.1%, highlighting the sticky nature of inflation.<\/p>\n
The market has reined in BoE rate cut bets after the data, pushing GBP higher.<\/p>\n
The euro is falling after ECB President Christine Lagarde said that a rate cut is likely in the summer.<\/p>\n
Her comments came after EZ CPI rose to 2.9% YoY in December up from 2.4% in November.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro (GBP\/EUR) exchange rate is heading higher after two days of losses. The pound is rising after UK CPI rose to 4% YoY in December, up from 3.9% in the previous month and ahead of the 3.8% forecast. Corew CPI also held steady at 5.1%, highlighting the sticky nature of inflation. The market […]<\/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-115631","post","type-post","status-publish","format-standard","category-eur","category-gbp","tag-eur","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n