XE Market Analysis: UK Inflation Dips

Comments are off

OVERVIEW

  • Sterling holds its ground despite slowing inflation data.
  • The Euro dips as the ZEW economic sentiment survey plunges.
  • The RBA minutes point to the low-interest rates boosting employment.
  • The US Dollar remains quiet ahead of tomorrow’s FOMC rate decision.

HIGHLIGHT

We have seen Sterling’s rally consolidate above the psychological 1.40 level against the US Dollar, despite lower than expected inflation data that showed prices growing by 2.7% y/y.