British Inflation Suggests Stronger Pound

Source: ForexYard British Inflation Suggests Stronger Pound With yesterday's inflationary data out of Britain, it seems the pessimism in Europe isn't trickling across the English Channel, at least for now. Holiday spending and recent upticks in manufacturing should shore up the pound's advances this month. Economic News USD – Dollar Trading Sideways as Optimism Dominates Trading The US dollar (USD) was seen trading mildly bullish Tuesday as investors weighed the impact of recent PPI and investment reports from the American economy. A sudden wave of risk appetite last week seemed to have pushed down on the USD, but pessimism emerging early this week held back some of those losses. Data on inflation and investment yesterday also signaled a . . . → Read More: British Inflation Suggests Stronger Pound