InvestorsHub Logo
Followers 219
Posts 247348
Boards Moderated 2
Alias Born 04/06/2006

Re: None

Tuesday, 08/19/2014 7:30:20 AM

Tuesday, August 19, 2014 7:30:20 AM

Post# of 648882
Pound slides as U.K. inflation slows

July inflation slowed to 1.6% from June's 1.9% and against forecasts for 1.8%, according to the Office for National Statistics. Retail-price inflation - the gauge used as a basis for inflation-linked bonds - slowed to 2.5% in July from 2.6%.
The pound tumbled about 60 pips on the news and is now off 0.5% on the session at $1.6640.

Pray for A Pain Free Day!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.