Pound Rises Ahead Of U.K. CPI, PPI And HPI
21 March 2017 - 4:25PM
RTTF2
At 5:30 am ET Tuesday, the Office for National Statistics is set
to issue U.K. consumer and producer prices for February and house
price index for January. Inflation is forecast to accelerate to 2.1
percent from 1.8 percent in January. Economists forecast UK output
prices to rise 3.7 percent annually, following a 3.5 percent rise a
month ago.
Ahead of these data, the pound rose against its major
rivals.
As of 5:25 am ET, the pound was trading at 0.8695 against the
euro, 1.2361 against the Swiss franc, 1.2417 against the U.S.
dollar and 139.90 against the yen.
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