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Dollar slips on improving European, U K economic outlooks, commodities bounce
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Dollar slips on improving European, U K economic outlooks, commodities bounce
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Dollar slips on improving European, U K economic outlooks, commodities bounce
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George Vessey, UK currency strategist, Western Union Business Solutions, also shared his insight on yesterday s performance.
“Sterling jumped to a 10-month high versus the Euro. breaching the key €1.15 handle after UK inflation data came in above forecasts. A splurge in spending for furniture, household goods and food drove inflation higher in January, whilst clothing and footwear prices remained subdued. The UK Consumer Prices Index (CPI) 12-month rate came in at +0.7 percent in January compared to +0.6 percent in December while beating expectations of a +0.5 percent print.
Pound euro exchange rate: GBP is expected to climb once again (Image: Getty Images)
Pound euro exchange rate: GBP rises again after testing €1 15 mark - travel money latest | Travel News | Travel
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