5 pieces of good news boost Pound

28 July, 2011


This morning’s data has been overwhelmingly positive for the Pound, with commercial exchange rates available for people sending money abroad improving across the board.

UK CPI for May was up 0.6% (expectations were 0.3%)
UK CPI for the year to May was up 2.2% (1.9%)
UK Retail Prices for May were up 0.6% (0.2%)
UK Retail Prices for year to May were down 1.1% (-1.5%)
UK CPI for year to May was up 1.6% (1.5%)

The Pound gained almost 2c against both the Euro and the Dollar on the release of the news.