2024-06-12 15:40:42IG Client Sentiment Update: Our data shows the vast majority of traders in EUR/GBP are long at 81.63%, while traders in EUR/JPY ar...On the face of it, it was a good report, seeing headline measures of core and headline inflation come in below expectations on a yearly and monthly basis. Fed officials look to services inflation and super core inflation as key gauges of inflation momentum.
The euro has recovered against the dollar despite weakness presenting itself at the start of the week when markets got wind of French President Macron’s snap election announcement. Japan’s economy has revealed hardships, complicating a faster rate hiking cycle than what we are experiencing. Some doubts remain about the sustainability of inflation beyond 2% over the medium-term and officials have communicated their desire for wage pressures to continue outside of annual negotiations/reviews.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »