Dollar steady, sterling falls after sharp drop in UK inflation

Dollar steady, sterling falls after sharp drop in UK inflation

Upworthy

Published

Investing.com - The U.S. dollar edged higher in early European trade Wednesday, while sterling slumped as rapidly cooling inflation lifted expectations of Bank of England rate cuts next year. At 03:05 ET (08:05 GMT), the Dollar Index, which tracks the greenback against a basket of six other…

#investingcomusdollar #bankofengland #usfederalreserve #richmondfed #gfk #ecb

Full Article