January 16, 2025 – Written by David Woodsmith
STORY LINK Pound Sterling and Dollar Today: UK and US Inflation Data Rocks Markets
Both UK and US inflation data came in slightly cooler than expected.
However, the two reports had completely different effects.
The pound is higher on Wednesday, while the US dollar is lower.
Key inflation data was released in the UK and US on Wednesday. Both reports showed slightly lower than expected readings, and led to highly volatile moves.