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British Pound Rises on Inflation Report

Posted on February 23, 2010 by James

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets.

This morning has started in positive fashion with the British pound rising above today’s inflation report. The GBP/USD tops the early rises with a 0.3% rise this morning.

The euro is also making good headway against the US dollar, rising 0.25%

Other than this it’s a relatively quiet day our there today. However, unlike yesterday, there are some heavy hitting economic news items to come.

At 09.00 we have the release of German Ifo business climate and at 09.15 the aforementioned UK inflation report hearings.

At 15.00 we have US consumer confidence with a slight dip expected.

The GBP/USD could therefore be the pair to watch today.

 

FX Prices

 

This website content does not constitute investment advice. No individual contributor, contributing company, BetOnMarkets nor Online-Spread-Betting.com accept any responsibility for any use that may be made of the content.

Category Financial Fixed-Odds, Financial Markets
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