unmoved despite UK grocery inflation<\/a> easing to 2.1% in the 4 weeks to June 9, down from 2.4% a sign that inflation is moving in the right direction.<\/p>\nThe data comes ahead of UK CPI inflation data tomorrow, which is expected to cool to 2% YoY in May from 2.3%.<\/p>\n
The euro is unchanged after German ZEW economic sentiment improved less than expected, rising to 47.5, up from 47.1, but missing forecasts of 50. A rebound in inflation could be to blame.<\/p>\n
Eurozone inflation rose 2.6% YoY in May up from 2.4% in April.<\/p>\n","protected":false},"excerpt":{"rendered":"
The pound euro exchange rate (GBP\/EUR) is holding steady at \u20ac1.1825. The pound is unmoved despite UK grocery inflation easing to 2.1% in the 4 weeks to June 9, down from 2.4% a sign that inflation is moving in the right direction. The data comes ahead of UK CPI inflation data tomorrow, which is expected […]<\/p>\n","protected":false},"author":163946598,"featured_media":4569,"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":["post-117918","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eur","category-gbp","tag-eur","tag-eur-gbp","tag-gbp","tag-gbp-eur"],"acf":[],"yoast_head":"\n
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