Pound Mixed Ahead Of U.K. CPI, PPI
June 16 2020 - 9:57PM
RTTF2
At 2.00 am ET Wednesday, the Office for National Statistics
publishes UK consumer and producer price data for May. Economists
forecast inflation to slow to 0.5 percent from 0.8 percent in
April. Output prices are expected to drop 0.9 percent annually
versus a 0.7 percent fall in the previous month.
Ahead of the data, the pound showed mixed trading against its
major counterparts. While it held steady against the greenback and
the yen, it dropped against the euro and the franc.
The pound was worth 134.64 against the yen, 1.1926 against the
franc, 1.2552 against the greenback and 0.8982 against the euro at
1:55 am ET.
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