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Oil rises on OPEC, gold surges - MarketPulse

Oil rises on OPEC, gold surges - MarketPulse
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Pound dips as US Retail Sales sizzle - MarketPulse

Pound dips as US Retail Sales sizzle
February 17, 2021SharePrint
The British pound is trading in negative territory in Wednesday trade. Currently, GDP/USD is trading at 1.3846, down 0.41% on the day.
UK inflation rises
Inflation levels have been moving higher on both sides of the pond, as consumer spending is expected to soar once Covid-19 health restrictions are removed. Investors are attuned to this, and the creeping increases in US Treasury bonds, particularly the 10-year yields, signals that the markets expect inflation to continue to rise. After gains in inflation in the US, Germany and the eurozone, it was the turn of the UK on Tuesday. Headline inflation in January edged up to 0.7%, up from 0.6% beforehand. Core CPI remained unchanged at 1.4%. With the vaccine rollout continuing to gather steam, there is optimism that the UK economy will open up in the near future. ....

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