Pound Rises Ahead Of U.K. CPI, PPI And HPI
May 16 2017 - 12:27AM
RTTF2
At 4:30 am ET Tuesday, the Office for National Statistics
releases U.K. inflation and producer prices for April and house
price index for March. U.K. inflation is expected to rise to 2.6
percent from 2.3 percent in March. Economists forecast output
prices to increase 3.4 percent annually, after rising 3.6 percent
in the prior month.
Ahead of these data, the pound rose against its major
rivals.
As of 4:25 am ET, the pound was trading at 0.8529 against the
euro, 1.2847 against the Swiss franc, 1.2943 against the U.S.
dollar and 146.98 against the yen.
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