Day: May 16, 2017

Great Britain Pound Fails to Capitalize on Positive UK Data

Macroeconomic reports released from the United Kingdom today were almost universally good, including the most important of them — the Consumer Price Index. The Great Britain pound attempted to rally against the US dollar on the back of the good data but failed to maintain the upward momentum. The sterling did not even attempt to rise against such currencies as the euro and the Swiss franc. The CPI rose 2.7% in April, year-on-year, beating the analysts’ median estimate […]