This week it is all about inflation data. Yesterday, financial market participants learned that yearly inflation in the United States reached 6.4%, a tad higher than expectations, as written នៅទីនេះ.
Inflation has created excess volatility in financial markets, and this week is no different. The US dollar and the stock market were all over the place yesterday, and today it was the time to see the changes in prices of goods and services in the United Kingdom.
តើអ្នកកំពុងស្វែងរកព័ត៌មានរហ័សព័ត៌មានជំនួយក្តៅនិងការវិភាគទីផ្សារមែនទេ?
ចុះឈ្មោះសម្រាប់ព្រឹត្តិប័ត្រ Invezz ថ្ងៃនេះ។
នេះ ផោនអង់គ្លេស performed differently against its peers in the last several months.
For example, it gained against the US dollar as the greenback weakened across the board. However, it lost against the euro, as investors find the common currency more appealing in 2023.
But the pound did move in one direction and one direction only at today’s inflation report. That is, to the downside.
Core inflation unexpectedly declined in the United Kingdom
អតិផរណានៅក្នុង ចក្រភពអង់គ្លេស remains elevated. Some causes of concern are that it is still five times higher than the Bank of England’s target or is still in double-digit territory. For January, the yearly CPY was 10.1%.
But the good news is that core inflation is slowing down and doing so fast. In particular, core services declined abruptly as price pressures eased in restaurants and cafes.
Source: https://invezz.com/news/2023/02/15/should-you-buy-or-sell-the-british-pound-amid-inflation-coming-down/