Pound Rises Ahead Of U.K. CPI, PPI And HPI
January 16 2017 - 10:25PM
RTTF2
At 4:30 am ET Tuesday, the Office for National Statistics
publishes consumer and producer prices for December and house price
index for November. U.K. inflation is forecast to accelerate to 1.4
percent in December from 1.2 percent in November. Economists
forecast output prices to rise 2.9 percent annually, following a
2.3 percent increase in November. Input price inflation is seen
increasing to 15.5 percent from 12.9 percent.
Ahead of these data, the pound rose against its major
rivals.
As of 4:25 am ET, the pound was trading at 0.8772 against the
euro, 1.2163 against the Swiss franc, 1.2212 against the U.S.
dollar and 137.54 against the yen.
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