Pound Mixed Ahead Of U.K. CPI, PPI And Retail Prices

RTTNews | 814 days ago
Pound Mixed Ahead Of U.K. CPI, PPI And Retail Prices

(RTTNews) - At 2:00 am ET Wednesday, the Office for National Statistics is slated to issue U.K. consumer, producer and retail price indices for March. Inflation is forecast to slow to 9.8 percent from 10.4 percent in February. Output price inflation is seen at 8.6 percent versus 12.1 percent in the previous month.

Ahead of these data, the pound showed mixed trading against its major rivals. While the pound rose against the yen and the euro, it fell against the U.S. dollar. Against the Swiss franc, the pound held steady.

As of 1:55 am ET, the pound was trading at 0.8831 against the euro, 1.1138 against the Swiss franc, 1.2411 against the U.S. dollar and 166.86 against the yen.

read more
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 6h 10min ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 6h 33min ago
Yen Retreats Amid US-Japan Trade Uncertainty

Yen Retreats Amid US-Japan Trade Uncertainty

The Japanese yen retreated from early highs against other major currencies in the European session on Friday, amid concerns on US-Japan relations in light of Trump's placement of a 25 percent tariff on Japanese exports this week, which will go into force on August 1.
RTTNews | 7h 22min ago
Yen Retreats Against Majors

Yen Retreats Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Friday.
RTTNews | 10h 35min ago
Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the early European session on Thursday, as traders are optimistic about an end to the tariff uncertainty after U.S. President Donald Trump made it clear that he will not extend the August 1 deadline for trade deals, though he gets aggressive with tariff imposition. They are also optimistic about a potential trade deal between the U.S. and the European Union.
RTTNews | 1 day ago