cooler grocery inflation<\/a>, which has fallen to 4.5%, down from 5.3%.<\/p>\nMeanwhile, BoE policymaker Catherine Mann warned that she believes that the market is pricing in too many rate cuts this year.<\/p>\n
The euro is holding steady after German consumer confidence ticked higher to 27.4 up from 28.8. The modest improvement comes as wage growth expectations rise, but willingness to spend falls.<\/p>\n
ECB chief economist Philip Lane is due to speak again later. Yesterday he acknowledged slowing wage growth which paves the way for a rate cut.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound-euro exchange rate (GBP\/EUR) has been holding steady for a second straight day. Pound investors are weighing up cooler grocery inflation, which has fallen to 4.5%, down from 5.3%. Meanwhile, BoE policymaker Catherine Mann warned that she believes that the market is pricing in too many rate cuts this year. The euro is holding […]<\/p>\n","protected":false},"author":163946598,"featured_media":4858,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[1395,2649,1394,2410],"class_list":{"0":"post-117518","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-eur","10":"tag-eur-gbp","11":"tag-gbp","12":"tag-gbp-eur"},"acf":[],"yoast_head":"\n
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