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Pound Soars on Upbeat Employment, USD Drops on Weak Housing - Vimarsana News

Pound Soars on Upbeat Employment, USD Drops on Weak Housing

EUR 23.1 billion, missing median estimates at EUR 20.3 billion. 1.76 million (f/c 1.77 million). GBP/USD – soared above the 1.4200 level following upbeat UK Jobs data. The British Pound hit an overnight and February peak at 1.42202 before easing to close at 1.4186. UK Prime Minister Boris Johnson eased several restrictions on Monday despite fears of a rise in a new Indian variant of Covid infections. EUR/USD – The Euro extended its rally against the Greenback, finishing as best performer among the majors. EUR/USD traded to 1.2234 overnight, near 3-month highs, before easing to settle at ...

UPDATE 1-S.Korea April inflation hits near 4-year high, beating forecasts - Vimarsana News

UPDATE 1-S.Korea April inflation hits near 4-year high, beating forecasts

5/3/2021 * April Core CPI +1.1%, fastest since Feb. 2019 * CPI to hover above 2% during Q2 - vice fin min (Adds details, vice fin min comments) By Joori Roh SEOUL, May 4 (Reuters) - South Korea's consumer inflation accelerated to a near four-year high in April, mainly due to a low base in 2020 and rising oil and agricultural prices. The consumer price index (CPI) rose 2.3% year-on-year in April, Statistics Korea said on Tuesday, logging the fastest growth since a 2.5% rise in August 2017 and beating a median 2.2% increase tipped in a Reuters poll. The index rose 1.5% in March. The country's v...