Yearly Rate News Today

Just when you think the U.S. consumer might yield to mounting pressures currently buffeting their balance sheets, they surprise by closing out 2023 on a retail spending binge. The increased spending kept the economy on firm ground and suggests a solid hand off heading into the new year. It also caused investors to pare back expectations for a March rate cut and pushed U.S. Treasury yields higher.

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Pound Euro Exchange Rate Falls as Investors Eye ECB for Early Rate Hike | Currency News UK

The Euro Pound (EUR/GBP) exchange rate has come under pressure this morning as inflationary pressures hit the Euro particularly hard.