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ForexLive European FX news wrap: Sterling goes for a ride as UK inflation stays hot

Headlines:UK May CPI +8.7% vs 8.4% y/y expectedHot UK inflation continues to vindicate higher BOE ratesPound spike on inflation data fairly short-livedECB's Kazimir: Further policy tightening in September is not certainBOJ's Ueda: Will patiently maintain easy monetary policy to achieve 2% inflation targetBOJ's Adachi: If there is a global recession, will have to keep easy policyIfo sees German recession to be sharper than expectedUK June CBI trends total orders -15 vs -17 expectedUS MBA mortgage... Read More

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Forexlive

European

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Wrap

Sterling

Goes

Ride

Inflation

Forex

Posted: Jun 21 2023, 11:49

Author Name: forexlive

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