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Pound Mixed Ahead Of U.K. CPI, PPI
(RTTNews) - At 3.00 am ET Wednesday, the Office for National Statistics releases UK consumer and producer prices for February. Consumer price inflation is forecast to rise to 9.9 percent from 10.1 percent in January.
Ahead of the data, the pound traded mixed against its major counterparts. While it rose against the franc and the euro, it was steady against the yen and the dollar.
The pound was worth 161.93 against the yen, 1.2235 against the greenback, 0.8800 against the euro and 1.1290 against the franc at 2:55 am ET.
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Antipodean Currencies Slide Amid Risk-off Mood; Safe-haven CHF, JPY Rises
The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday, amid heightening geopolitical tensions in the Middle East region after Israel launched a preemptive strike against Iran in a major escalation of the regional conflict. U.S. officials confirmed that the U.S. had no involvement or role in the operation. Tensions between the U.S. and Iran are also rising over the latter's nuclear developments.
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1 day ago
Swiss Franc Advances Against Majors
The Swiss franc strengthened against other major currencies in the Asian session on Friday.
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Yen Rises Against Most Majors
The Japanese yen strengthened against most major currencies in the Asian session on Friday.
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1 day ago
U.S. Dollar Weakens After Soft PPI Data
The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.
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2 days ago
Pound Slides On Weak U.K. GDP Data
The British pound weakened against other major currencies in the European session on Thursday, as U.K. economy shrank more than expected in April largely reflecting a fall in services output.
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2 days ago
Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Thursday.
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2 days ago
Commodity Currencies Slide Amid Rising Geopolitical Risks, Yen Rises
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Thursday, as rising geopolitical tensions in the Middle East weighed on market sentiment.
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2 days ago
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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2 days ago
