Posts Tagged GBP
Pound Rises On Higher Inflation Expectations, Commodity Dollars Soaring On Increased Chinese Investment
BY DAILYFX – The sterling continued to find support overnight reaching as high as 1.6490 after a BoE survey showed that consumer expectations for inflation rose to 2.4% from 2.1% for the next 12 months. Additionally, the NIESR GDP estimate showed that the rate of contraction for the economy has slowed in the three months [...]