Pound slides as UK inflation hits 40-year high
The pound fell sharply yesterday after the UK inflation rate jumped from 7% to 9% – its highest level since 1982.
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The pound fell sharply yesterday after the UK inflation rate jumped from 7% to 9% – its highest level since 1982.
The pound surged higher at the start of yesterday’s session, hitting two-week highs against the US dollar and the euro, after the UK’s latest labour m
The pound, euro and US dollar all wavered yesterday as markets waited for higher-impact data later in the week.
The pound strengthened early last week, boosted by some dip-buying and relief that Vladimir Putin did not use his Victory Day speech to escalate his i
The US dollar trended in a wide range yesterday as fluctuating market risk appetite led to erratic trade in the safe-haven currency.
Trade in the pound was mixed on Monday as a result of bearish trading conditions and revived Brexit uncertainty.
The pound suffered its worst week of trade since the start of the Covid pandemic last week.
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