Pound Declines Ahead Of Key Economic Data
16 Janvier 2023 - 11:16AM
RTTF2
The pound was lower against its major rivals in the European
session on Monday, as investors await key data on inflation and
jobs due out from the U.K. this week.
The Office for National Statistics will release employment data
on Tuesday. The ILO jobless rate is expected to remain unchanged at
3.7 percent in the three months to November.
Consumer inflation data due on Wednesday is expected to show
that price pressures continue to ease in December.
Economists expect consumer prices to rise 10.6 percent
year-on-year in December, down from 10.7 percent in November.
The World Economic Forum kicked off in Switzerland, with the war
in Ukraine, economic instability and uncertainty and climate change
on the agenda.
The pound pulled back against the yen, with the pair trading at
156.65. If the pound slides further, 153.00 is possibly seen as its
next support level.
The pound dropped to 0.8879 against the euro and 1.2171 against
the greenback, from its previous 4-day high of 0.8846 and near a
5-week high of 1.2289, respectively. The next possible support for
the pound is seen around 0.90 against the euro and 1.195 against
the greenback.
The pound was lower against the franc, at a 5-day low of 1.1273.
The currency is likely to find support around the 1.11 level.
Sterling vs Yen (FX:GBPJPY)
Graphique Historique de la Devise
De Mar 2024 à Avr 2024
Sterling vs Yen (FX:GBPJPY)
Graphique Historique de la Devise
De Avr 2023 à Avr 2024
