The sterling fell against the dollar and the British government’s profitability fell after new data showed that inflation reached a 40-year high last month, which raised fears among investors that the economy is heading for a hard landing.
Following the release of data from the National Statistics Office, which showed that consumer price inflation reached 9.1% in May, the pound fell by as much as 1% against the dollar at one point today, before reducing losses to $ 1.22. Against the euro, it fell 0.1% to 1.16 euros.
The yield on two-year-old young women fell 23 basis points to 2.09 percent, driven by expectations that the Bank of England will take more difficult measures to curb inflation by raising interest rates
Add Comment