The market reacted cautiously to UK inflation data, and the pound only saw a small pump

Jinshi data news on February 19th, Wednesday, after the UK announced inflation data higher than expected, the pound rose slightly. Analyst Francesco Pesole of ING Group stated in a report that this reaction reflects the details of the report. The overall inflation rate in January rose by 3.0% year-on-year, mainly due to the unexpected surge in food prices, which the market did not pay much attention to. Service sector inflation was slightly lower than expected. This benign trend may continue into the second quarter and support the Central Bank of England to cut interest rates once each quarter this year.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)