Sterling Eases After Inflation Falls More Than Forecast
Wednesday, 17 October 2018 16:41 WIB | CURRENCIES |poundSterling,Poundsterling

The British pound weakened on Wednesday after inflation fell more than expected in September, easing a squeeze on consumers, who are also seeing the strongest wage growth for workers in a decade according to other data.

The better-than-expected wage figures on Tuesday had pushed the pound higher and briefly redirected attention to the British economy and away from Brexit negotiations and this week's European Union leaders' summit.

But weaker-than-expected consumer price data, which came in at an annual rate of 2.4 percent in September versus forecasts of 2.6 percent, pushed down a pound already weakened by a BBC report that Britain would not seek to extend the Brexit transition period.

The pound, trading down 0.3 percent at close to $1.3150 before the data was released, fell to as low as $1.3125 .

Against the euro, sterling dropped to 88.06 pence , down 0.3 percent on the day.

Source : Reuters

RELATED NEWS

Dollar Gains as Traders Trim Rate Hopes Before Powell Speech
Friday, 23 August 2019 15:20 WIB

The dollar was broadly higher in early trading in Europe Friday in generally quiet trading ahead of a keenly-awaited speech by Federal Reserve Chairman Jerome Powell at 10 AM ET (14:00 GMT). At 3:30 AM, the dollar index, which tracks the greenback against a basket of currencies, was up some 0.2% fr...

Dollar In Holding Pattern Ahead Of Fed Speech, Kiwi Jumps On RBNZ Comments
Friday, 23 August 2019 08:46 WIB

The dollar held steady in Asia on Friday on expectations U.S. Federal Reserve Chairman Jerome Powell would stick with his message that the central bank has not entered a prolonged monetary easing cycle. Powell gives a highly-awaited speech later Friday at a meeting of central bankers in Jackson Hol...

Dollar Slips, Euro Pushes Higher after PMI Data
Thursday, 22 August 2019 15:16 WIB

The dollar slipped lower on Thursday as expectations for further Federal Reserve rate cuts waned, while the euro gained ground after Eurozone private sector data boosted hopes that the bloc's economy could avoid a recession. The dollar was down 0.2% at 1.1104 euro by 03:47 AM ET (07:47 GMT) after F...

Dollar Holds Gains After Fed Minutes Temper Rate Cut Expectations
Thursday, 22 August 2019 09:08 WIB

The dollar held gains on Thursday after minutes from the Federal Reserve's last policy meeting hosed down some aggressive expectations the central bank would embark on a series of deep interest rate cuts. Asian currencies are expected to trade in tight ranges on Thursday ahead of U.S. Federal Reser...

Dollar Hovering Near 3-Week Highs ahead of Fed Minutes
Wednesday, 21 August 2019 15:11 WIB

The U.S. dollar was hovering just below three-week highs in subdued trade on Wednesday as investors looked ahead to the minutes of the Federal Reserve's July meeting later in the day for fresh clues on the monetary policy outlook. The Fed cut rates for the first time since 2008 last month in what C...

ANOTHER NEWS
Hong Kong stocks finish week on positive note (Review)
Saturday, 24 August 2019 04:05 WIB Hong Kong shares ended the week with a healthy rise on Friday as investors look ahead to a key speech later in the day by Federal Reserve boss Jerome Powell hoping for hints at further interest rate cuts. The Hang Seng Index jumped 0.50 percent,...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.