Published On: Thu, May 31st, 2018

Pound euro exchange rate: GBP resilient despite above-forecast Eurozone inflation

THE pound euro exchange rate shifted towards €1.14 on Thursday morning after a surprising rise in UK net consumer credit and above-forecast Eurozone inflation print. According to Eurostat, consumer prices in the bloc climbed by an annual rate of 1.9 per cent in May – far higher than April’s 1.2 per cent.

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