Topic: Forex News – Forex – Pound underpinned as markets see inflationary pressures in … – Forbes

Forex – Pound underpinned as markets see inflationary pressures in PPI data – Forbes. LONDON (Thomson Financial) – The pound was supported by mixed UK PPI data, which investors chose to interpret as inflationary for the future despite soft headline PPI rates. Although the headline fall in PPI will be welcome at the Bank of England, ‘as long as the survey measures of price intentions remain high, the BoE is likely to remain concerned about the threat of a further rise in firms’ pricing power’, Dales said. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. read more

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