Wednesday, 18 May 2022

British Pound Latest: UK Inflation Hits a 40-Year High, GBP/USD Slides

UK headline inflation hit 9% in April, according to the latest ONS release, the highest level in four decades as energy bills continue to jump.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...