Daily Update - 17th April 2019
GBP Average Hourly Earnings & ILO Unemployment Rate both resulted negative pushing the Sterling pound off the edge after news hit on Brexit negotiations are not going so well with Labor Part for Theresa May. Followed by Euro ZEW Survey which came out with positive results but Euro remained under sell off pressure from ECB policymakers Economic projections are dovish. The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The Producer Price Index Input released by the National Statistics is a monthly measurement of the rate of inflation experienced by the UK manufactures when buying goods and services. It captures changes in the average price of a fixed basket of goods and services purchased by the UK Manufactures.Yesterday’s Market
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