The post Pound Sterling benefits from UK inflation data, markets await central bank speak appeared on BitcoinEthereumNews.com.

Here is what you need to know on Wednesday, November 20: Pound Sterling gathers strength against its peers early Wednesday, supported by the stronger-than-forecast inflation readings for October. Later in the day, investors will pay close attention to comments from Federal Reserve (Fed) and Bank of England (BoE) policymakers.  British Pound PRICE Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Japanese Yen.   USD EUR GBP JPY CAD AUD NZD CHF USD   0.06% -0.22% 0.51% -0.08% 0.05% 0.14% 0.20% EUR -0.06%   -0.28% 0.46% -0.14% -0.02% 0.07% 0.13% GBP 0.22% 0.28%   0.71% 0.14% 0.26% 0.36% 0.42% JPY -0.51% -0.46% -0.71%   -0.59% -0.47% -0.39% -0.32% CAD 0.08% 0.14% -0.14% 0.59%   0.12% 0.22% 0.28% AUD -0.05% 0.02% -0.26% 0.47% -0.12%   0.10% 0.16% NZD -0.14% -0.07% -0.36% 0.39% -0.22% -0.10%   0.06% CHF -0.20% -0.13% -0.42% 0.32% -0.28% -0.16% -0.06%   The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote). The UK’s Office for National Statistics announced on Wednesday that annual inflation in the UK, as measured by the change in the Consumer Price Index (CPI), climbed to 2.3% in October from 1.7% in September. The Core CPI, which excludes volatile food and energy prices, rose 3.3% in the same period, coming in above the market expectation of 3.1%. On a monthly basis, the CPI increased 0.6% after staying unchanged in September. Finally, the Retail Price…

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Filed under: News - @ November 20, 2024 7:20 am