Pound Mixed Ahead Of U.K. PPI And CPI
August 14 2019 - 12:28AM
RTTF2
At 4.30 am ET Wednesday, the Office for National Statistics
release consumer and producer price figures. UK inflation is
forecast to slow to 1.9 percent in July from 2 percent in June.
Meanwhile, output price inflation is seen rising to 1.7 percent in
July from 1.6 percent in June.
Ahead of these data, the pound traded mixed against its major
counterparts. While the pound fell against the franc and the euro,
it held steady against the yen. Against the greenback, it rose.
The pound was worth 1.2058 against the greenback, 128.30 against
the yen, 1.1745 against the franc and 0.9273 against the euro as of
4:25 am ET.
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