Pound Recovers Ahead Of U.K. CPI, PPI
18 Mai 2022 - 3:58AM
RTTF2
At 2.00 am ET Wednesday, the Office for National Statistics
releases UK consumer and producer prices for April. Consumer price
inflation is forecast to rise to 9.1 percent from 7 percent in
March.
Ahead of the data, the pound rebounded from its early lows
against its major counterparts.
The pound was worth 161.31 against the yen, 1.2488 against the
franc, 0.8438 against the euro and 1.2413 against the greenback at
1:55 am ET.
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