Pound Mixed Ahead Of U.K. CPI, PPI
22 June 2022 - 12:01PM
RTTF2
At 2.00 am ET Wednesday, the Office for National Statistics
releases UK consumer and producer prices for May. Consumer price
inflation is forecast to rise to 9.1 percent in May from 9.0
percent in April. Factory gate inflation is seen at 14.7 percent
versus 14.0 percent in April.
Ahead of the data, the pound traded mixed against its major
rivals. While it fell against the greenback, it held steady against
the rest of major rivals.
The pound was worth 166.64 against the yen, 1.2226 against the
greenback, 0.8578 against the euro and 1.1840 against the franc at
1:55 am ET.
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