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Pound Drops As BoE Rate Cut Odds Grow After Weak U.K. Inflation Data

The pound depreciated against its key counterparts during European deals on Wednesday, after Bank of England policymaker Michael Saunders joined his peers in supporting a potential interest rate reduction and as U.K. inflation eased to its lowest since November 2016 Read More →

U.S. Consumer Prices Rise 0.2% In December, Less Than Expected

Consumer prices in the U.S. increased by slightly less than anticipated in the month of December, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index rose by 0.2 percent in Read More →

New Zealand Building Permits Sink 8.5% In November

The total number of building permits issued in New Zealand tumbled a seasonally adjusted 8.5 percent on month in November, Statistics New Zealand said on Tuesday - standing at 3,204.Original Article Read More →

Eurozone Inflation Accelerates, Retail Sales Recover

Eurozone inflation accelerated in December largely driven by food and energy prices, but continued to remain below the central bank target, flash data from Eurostat showed on Tuesday. Underpinned by food and non-food product sales, retail sales volume rebounded at Read More →

U.S. Trade Deficit Narrows To Smallest In Three Years

With exports rising and imports falling, the Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed significantly in the month of November. The report said the trade deficit narrowed to $43.1 billion in November from a Read More →

U.S. Service Sector Growth Accelerates More Than Expected In December

Service sector activity in the U.S. grew at a faster than expected pace in the month of December, the Institute for Supply Management revealed in a report on Tuesday. The ISM said its non-manufacturing index climbed to 55.0 in December Read More →

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