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China Business News 2023-07-20 15:49:31
Editor in charge: Zhu Mengyun
According to data from the National Bureau of Statistics of the United Kingdom, the CPI in the United Kingdom rose by 7.9% year-on-year in June, which was lower than the expected 8.2% and far lower than the previous value of 8.7% in May. UK June CPI growth fell below the 8% mark for the first time in more than a year. On that day, the British FTSE 100 rose by as much as 2% within a day. Sterling fell more than 1% against the dollar at one point, and UK two-year government bond yields fell 20 basis points intraday.
UK inflation cools more than expected, pound dives, UK stocks soar
According to data from the National Bureau of Statistics of the United Kingdom, the CPI in the United Kingdom rose by 7.9% year-on-year in June, which was lower than the expected 8.2% and far lower than the previous value of 8.7% in May. UK June CPI growth fell below the 8% mark for the first time in more than a year. On that day, the British FTSE 100 rose by as much as 2% within a day. Sterling fell more than 1% against the dollar at one point, and UK two-year government bond yields fell 20 basis points intraday.
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2023-07-20 07:54:18
#inflation #cools #expected #pound #dives #stocks #soar
