Pound V euro: GBP exchange rate steady as Eurozone inflation cools

Pound V euro: GBP exchange rate steady as Eurozone inflation cools
 

According to data published by the European statistics agency, Eurostat, inflation in the Eurozone eased from 1.3 per cent to 1.2 per cent in February, in line with market expectations.
This saw inflation fall to a new 14-month low despite the bloc experiencing its fastest economic growth in a decade.
The slide in inflation appeared to be largely driven by a fall in energy prices, which corresponds with easing oil prices in February.
However, with volatile items such as energy and food stripped out, the figures proved to be a little more robust, with core inflation holding at 1 per cent.... read more

 
28 February 2018 in Business, Views: 39
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