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Tuesday, March 21, 2017

UK inflation jumps to 2.3% in February, pushing the pound higher

Food and fuel prices drove the consumer prices index to the highest level in almost three-and-a-half years in February * Pounds rises 0.9% to $1.2465 after inflation data * TUC warns of fresh living standards crisis * Mark Carney: BoE will learn from Charlotte Hogg debacle * Chancellor on track to meet his borrowing targets 2.43pm GMT MONDAY’S EUROGROUP MEETING OF FINANCE MINISTERS ENDED WITHOUT A DECISIVE AGREEMENT BETWEEN GREECE AND ITS CREDITORS. THE GUARDIAN’S HELENA SMITH BRINGS THIS REPORT: 2.32pm GMT THE POUND IS STILL UP 0.8% AGAINST THE DOLLAR AT $1.2458. Meanwhile the euro is also having a good day, climbing to six-week highs of above $1.08 following the French presidential election debate, where the centrist Emmanuel Macron appeared to come out on top over the far-right’s Marine Le Pen. Continue reading...


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