GBP Boosted by Stronger than Expected Wages After tumbling in reaction to Tuesday's UK Consumer Price Index (CPI) results, the Pound finally gained some solid ground as investors digested a surprisingly strong UK job market report from June. The BoE is next due to make a decision on interest rates next month, after more than a decade without an increase in the aftermath of the financial crisis. Deflation is the opposite - price decreases over time - but inflation is far more common.
A relatively new phenomenon, inflation has become a real worry for governments since the 1960s. The eurozone economy is in a better position than it has been for years.
LEAP The pound to euro exchange rate saw a boost this morning
On the other hand, pensioners, who depend on a fixed income, watch the value of their assets erode. The prices factories charge for goods rose at the slowest rate since December at 3.2 percent.
Thank you for your feedback. On the whole, the data come in as expected CPI for July at 1.3%, year-over-year, and -0.5%, month-over-month. There will need to be a series of stronger than expected United Kingdom data releases to trigger a more substantial shift in sentiment with GBP/USD unlikely to make significant headway in the near term, especially with a firmer US dollar tone. The market was positioned for a bit more inflation than we're getting. The pair now trends closer to the week's opening level of 0.9089. However, as a major importer of food and raw materials it also drives up costs for businesses and households inside the country.
Eden Hazard back in full Chelsea training
Bakayoko is still to make his debut for Chelsea since his £40million move from Monaco this summer due to an ongoing knee problem. Chelsea's next Premier League outing comes against Tottenham this weekend - but that could be a bit too soon for Hazard.
The first half of 2017 the UK's economy saw the lowest growth rate in the European Union, with inflation well above the 2% target as the price of imported food and energy has been eating into purchasing power.
Earlier today, Eurostat released July's inflation figures for the Eurozone. Consumer prices in the United Kingdom have moved rapidly higher since the Brexit referendum in June past year, as the drop in sterling has made imported products more expensive.
Highland Capital Management LLC Lowers Stake in Delta Air Lines, Inc. (DAL)
The Mountain Lake Investment Management Llc holds 300,000 shares with $14.76 million value , down from 310,000 last quarter. For shareholders, given the total diluted outstanding shares of 731 million, this means overall earnings per share of 1.67.
The July inflation data is significant because it shows higher costs for consumers outstripping expected growth in pay, which the BoE has said could be hindered by uncertainty over Brexit harming companies' willingness to raise wages.
Britain's labor market outperformed tepid growth in the rest of the economy in the second quarter as the unemployment rate unexpectedly fell to its lowest since 1975, official data showed on Wednesday.
Janney Montgomery Scott LLC Purchases 26155 Shares of Encana Corporation (NYSE:ECA)
Whereas, in last 21 trading days (one month) was moved up 0.85% and moved down in last 63 trading days (quarter) of -15.81%. Turning to Encana Corporation (NYSE:ECA), its shares were trading at $9.53 a retreat of $-0.16, on the trading floor.