March 30, 2023 – Written by John Cameron
STORY LINK Pound Euro Exchange Rate News: GBP/EUR Wavered amid Stronger-than-Expected German Inflation
Euro (EUR) Supported by Elevated Rate Hike Expectations
The Euro (EUR) traded in mixed directions on Thursday amid a flurry of mixed data. Spanish inflation almost halved, combined with downbeat economic sentiment dragged the Euro lower. However, hotter-than-expected German inflation lifted the single currency once more.
The latest headline CPI reading for Europe’s largest economy came in above expectations and printed at 7.4% YoY, above predictions of a 7.3%. Despite a significant drop from 8.7%,…
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