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Pound Euro Exchange Rate Rises as UK Factory Orders and Output Soars to New Highs

Pound Euro Exchange Rate Rises as UK Factory Orders and Output Soars to New Highs
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Pound to Euro Exchange Rate Rises as UK Inflation Edges Higher

At the time of writing the pair are currently trading at around 1.1509.
Pound (GBP) Supported by Inflation Rise in UK
The Pound was gaining this morning as year-on-year inflation for January edged higher to 0.7%, beating forecasts of 0.6%.
Deputy national statistician for economic statistics at the Office of National Statistics (ONS) Jonathan Athow, said:
‘Inflation rose slightly in January, with food prices increasing. Household goods also pushed up prices with less discounting this year on items such as bedding and settees. However, there were widespread January sales, with particular price cuts for clothing and footwear.’
GBP finds continued support from the UK’s combatting of the coronavirus pandemic with the successful vaccine rollout. ....

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