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Pound Sterling clings to gains ahead of UK employment, US inflation data

Pound Sterling clings to gains ahead of UK employment, US inflation data

The Pound Sterling holds gains above 1.2500 inspired by strong UK Q1 GDP data. The UK economy expanded by 0.6%, moving out of the recession seen in the second half of 2023. Investors await UK employment and US inflation data for fresh guidance. The Pound Sterling (GBP) exhibits strength above the psychological support of 1.2500...

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UK inflation slows by less than expected to 3.2% in March

UK inflation slows by less than expected to 3.2% in March

British consumer price inflation slowed by less than expected to 3.2% in annual terms in March, down from a 3.4% increase in February, the Office for National Statistics said on Wednesday. The Bank of England and economists polled by Reuters had forecast an annual rate of 3.1%. Core inflation, which excludes energy, food and tobacco...